Truist Bank
2,283 SF | Retail Building | Greensboro, NC 27406 | $1,236,492 ($542/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,236,492
- Property Type
-
Retail
- Square Feet
- 2,283 SF
- Price / Square Foot
- $542
Listing Contacts
Glen Kunofsky
Verified Profile
Judson Kauffman
Verified Profile
Hannan Ben Yosef
Verified Profile
Matthew Sorace
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Truist Bank located at 1601 S Elm-Eugene St, Greensboro, NC 27406. The site consists of roughly 2,300 rentable square feet of building space on estimated 0.56-acre parcel of land. This Truist Bank is subject to a ±5.5-year absolute triple-net (NNN) lease, which commenced January 1st, 2007. The current annual rent is $80,372 and is scheduled to increase by 1.50% annually throughout the current term and in each of the next 2, 5-year renewal options. The three (3) succeeding renewal options are subject to a Fair Market Value (FMV) increase.
Property Details
- Class
- B
- Year Built
- 1972
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 24,394 SF
Highlights
- Absolute Triple Net (NNN) Lease with ±5.5 Years Remaining | Zero LL Responsibilities
- 1.5% Annual Increases in Rent
- Strong Site Commitment | Tenant on Site since 2007 | High Deposits | Low Rent
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