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Bank

Truist Bank (Dark)

4636 W Market St, Greensboro, NC 27407

Listing Price: $2,062,948

Cap Rate
8.50%
Tenant Name
Truist Bank
Years Remaining On Lease
1.5
Guarantor
Corporate Guarantee
Rentable SF
2,284
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.77

Investment Overview

Offered for sale is the opportunity to acquire an triple-net lease dark Truist Bank 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.

Investment Highlights

  • 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
  • 189,937 Residents and an Average Household Income is $76,895 Within a Five-Mile Radius
  • Triple-Net Lease with 1.7 Years Remaining - Allows New Owner to Reposition Without Incurring NNN Costs
  • Surrounded by Numerous National Retailers such as McDonalds, Wendy's, Walgreens, 7-Eleven and Many More
  • Winston-Salem, Greensboro, NC MSA Location

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Bank

Truist Bank (Dark)

Listing Price: $2,062,948

Cap Rate
8.50%
Tenant Name
Truist Bank
Years Remaining On Lease
1.5
Guarantor
Corporate Guarantee
Rentable SF
2,284
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.77

Investment Highlights

  • 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
  • 189,937 Residents and an Average Household Income is $76,895 Within a Five-Mile Radius
  • Triple-Net Lease with 1.7 Years Remaining - Allows New Owner to Reposition Without Incurring NNN Costs
  • Surrounded by Numerous National Retailers such as McDonalds, Wendy's, Walgreens, 7-Eleven and Many More
  • Winston-Salem, Greensboro, NC MSA Location

Investment Overview

Offered for sale is the opportunity to acquire an triple-net lease dark Truist Bank 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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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