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Bank

Truist (Absolute Net)

900 E First St, Vidalia, GA 30474

Listing Price: $1,605,000

Cap Rate
7.25%
Tenant Name
Truist Bank
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
17,657
Lease Type
Absolute Net
Rent Per Square Feet
$6.59

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Vidalia, Georgia. The property consists of a 17,657-square-foot, freestanding building that sits on approximately 2.09 acres of land. There are approximately 2.4 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter.

Investment Highlights

  • Absolute Net Lease with 2.4 Years Remaining
  • Excellent Access and Visibility on East 1st Street (18,939 VPD)
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Proven Location and Operator - Bank Branch has been Operating Continuously at this Location Since 2010
  • 10 Percent Rental Increases Every Five Years in the Options
  • 2.7 Miles Away from Vidalia Reginal Airport

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Bank

Truist (Absolute Net)

Listing Price: $1,605,000

Cap Rate
7.25%
Tenant Name
Truist Bank
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
17,657
Lease Type
Absolute Net
Rent Per Square Feet
$6.59

Investment Highlights

  • Absolute Net Lease with 2.4 Years Remaining
  • Excellent Access and Visibility on East 1st Street (18,939 VPD)
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Proven Location and Operator - Bank Branch has been Operating Continuously at this Location Since 2010
  • 10 Percent Rental Increases Every Five Years in the Options
  • 2.7 Miles Away from Vidalia Reginal Airport

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Vidalia, Georgia. The property consists of a 17,657-square-foot, freestanding building that sits on approximately 2.09 acres of land. There are approximately 2.4 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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