Truist Bank (Dark)

Truist Bank (Dark)

Greensboro, NC

Greensboro, NC

Truist Bank (Dark)

Offered for sale is the opportunity to acquire an triple-net lease dark Truist in Greensboro, North Carolina. The property consists of a 2,284-square-foot, freestanding building that includes an ATM drive-thru. There are approximately 1.7 years remaining on the current lease term. At the asking price, an investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term. Ben Yelm; Broker of Record; (843) 952-2222; License: 303785

Price $2,062,948.35
Cap Rate 8.50%
Building Size 2,284 sqft
Lot Size 0.83 acres
Year Built 1996/2003
Offering Memorandum

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Truist has 1.7 Years in Future Rent Obligations
  • Near the Signalized Corner on West Market Street and Spring Garden Street; Combined Traffic Counts Exceed 84,000 Vehicles per Day
  • Outparcel to a Planet Fitness Anchored Shopping Center
  • Triple-Net Lease with 1.7 Years Remaining - Allows New Owner to Reposition Without Incurring NNN Costs
  • 189,937 Residents and an Average Household Income is $76,895 Within a Five-Mile Radius
  • Surrounded by Numerous National Retailers such as McDonalds, Wendys, Walgreens, 7-Eleven and Many More
  • Winston-Salem, Greensboro, NC MSA Location

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
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