Regions Bank
Retail | 5.50% CAP | 3,847 SqFt
Marketing description
The property is leased to Regions Bank, a nationally recognized financial institution, providing a secure and stable income stream backed by a corporate tenant. The asset features a 3,847 SF freestanding bank branch situated on a ±1.18-acre (51,619 SF) parcel, originally constructed in 2004 and supported by 44 surface parking spaces.
This investment offers a true passive ownership structure, as the tenant is responsible for all property operating expenses, including real estate taxes, insurance, maintenance, and utilities. The ground lease format minimizes landlord responsibilities and provides predictable, hassle-free cash flow.
Regions Bank has successfully operated at this location since 2004, demonstrating long-term commitment and strong site performance. The tenant recently exercised its first five-year renewal option, extending the lease through March 2029, reinforcing confidence in the location's ongoing viability.
The lease includes three (3) additional five-year renewal options, each featuring 12.5% rental increases, providing built-in income growth and long-term value appreciation potential.
Investment highlights
- CORPORATE-BACKED SINGLE-TENANT GROUND LEASE (REGIONS BANK)
- The property is leased to Regions Bank, a nationally recognized financial institution, providing a secure and stable income stream backed by a corporate tenant. The asset features a 3,847 SF freestanding bank branch situated on a ±1.18- acre (51,619 SF) parcel, originally constructed in 2004 and supported by 44 surface parking spaces.
- PASSIVE, ABSOLUTE NNN GROUND LEASE STRUCTURE
- This investment offers a true passive ownership structure, as the tenant is responsible for all property operating expenses, including real estate taxes, insurance, maintenance, and utilities. The ground lease format minimizes landlord responsibilities and provides predictable, hassle- free cash flow.
- PROVEN LOCATION WITH LONG-TERM OPERATING HISTORY
- Regions Bank has successfully operated at this location since 2004, demonstrating long-term commitment and strong site performance. The tenant recently exercised its first fiveyear renewal option, extending the lease through March 2029, reinforcing confidence in the location's ongoing viability.
- ATTRACTIVE LEASE STRUCTURE WITH FUTURE UPSIDE
- The lease includes three (3) additional five-year renewal options, each featuring 12.5% rental increases, providing built-in income growth and long-term value appreciation potential.
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