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Bank

Wells Fargo

330 W Main St, Forest City, NC 28043

Listing Price: $1,599,000

Cap Rate
7.50%
Tenant Name
Wells Fargo
Years Remaining On Lease
1.8
Guarantor
Corporate Guarantee
Rentable SF
8,103
Lease Type
Absolute Net
Rent Per Square Feet
$14.80

Investment Overview

Offered for sale is the opportunity to acquire an absolute net lease Wells Fargo in Forest City, North Carolina. The property consists of a 8,103-square-foot, freestanding building that sits on 1.50 acres of land. There are approximately 1.8 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. This bank branch has been operating continuously at this location since 2003.

Investment Highlights

  • Absolute Net Lease with 1.8 Years Remaining
  • Tenant Paying Below Market Rent of $14.80/PSF
  • Excellent Access and Visibility on West Main Street (9,624 Vehicles per Day)
  • 20-Year Operating History
  • Large 1.50 Acre Parcel with Ample Parking and Multiple Access Points
  • 65 Miles to Charlotte, NC (2.7 Million MSA Population) and Asheville, NC (366,000 MSA Population)
  • Walking Distance to the Forest City Business District

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $1,599,000

Cap Rate
7.50%
Tenant Name
Wells Fargo
Years Remaining On Lease
1.8
Guarantor
Corporate Guarantee
Rentable SF
8,103
Lease Type
Absolute Net
Rent Per Square Feet
$14.80

Investment Highlights

  • Absolute Net Lease with 1.8 Years Remaining
  • Tenant Paying Below Market Rent of $14.80/PSF
  • Excellent Access and Visibility on West Main Street (9,624 Vehicles per Day)
  • 20-Year Operating History
  • Large 1.50 Acre Parcel with Ample Parking and Multiple Access Points
  • 65 Miles to Charlotte, NC (2.7 Million MSA Population) and Asheville, NC (366,000 MSA Population)
  • Walking Distance to the Forest City Business District

Investment Overview

Offered for sale is the opportunity to acquire an absolute net lease Wells Fargo in Forest City, North Carolina. The property consists of a 8,103-square-foot, freestanding building that sits on 1.50 acres of land. There are approximately 1.8 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. This bank branch has been operating continuously at this location since 2003.

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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