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Bank

Regions Bank

2251 Marietta Blvd NW, Atlanta, GA 30318

Listing Price: $7,250,000

Cap Rate
4.00%
Tenant Name
Regions Bank Corp
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
1,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$193.33

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Regions Bank located at 2251 Marietta Boulevard, Atlanta, GA 30318. The site consists of a 0.6237-acre parcel of land. This Regions Bank is subject to a 20-year triple-net (NNN) Ground Lease, which will commence in 2022. The current annual rent is $290,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

Investment Highlights

  • New 2022 Construction with Drive-Thru
  • Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $7,250,000

Cap Rate
4.00%
Tenant Name
Regions Bank Corp
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
1,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$193.33

Investment Highlights

  • New 2022 Construction with Drive-Thru
  • Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Regions Bank located at 2251 Marietta Boulevard, Atlanta, GA 30318. The site consists of a 0.6237-acre parcel of land. This Regions Bank is subject to a 20-year triple-net (NNN) Ground Lease, which will commence in 2022. The current annual rent is $290,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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