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Bank

Ameris Bank / Value-Add

16763 SE Pear St, Blountstown, FL 32424

Listing Price: $998,633

Cap Rate
6.00%
Tenant Name
Ameris Bank
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
14,797
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.05

Investment Overview

Marcus & Millichap is pleased to present Ameris Bank - Blountstown, a rare investment opportunity for an investor to purchase an iconic brand with a proven track record of success in the submarket of Blountstown, FL. This unique investment opportunity is ideally positioned and is the only Ameris Bank in Calhoun County which is over an hour away from the closest branch in Tallahassee, FL. In addition, this investment is a value-add opportunity with the entire second floor being recently renovated office space. A buyer can lease out the vacant space at market rent to achieve a pro forma NOI of $90,762 and cap rate of 9.09%.

Investment Highlights

  • $69,245,000 in Deposits for 2020
  • Only Ameris Bank in Calhoun County – Closest Ameris Bank Branch Is 1+ Hours Away in Tallahassee, FL
  • Value Add Opportunity – The Entire Second Floor Is Recently Renovated Office Space. Buyer Can Lease out the Vacant Space at Market Rent To Achieve a Pro Forma NOI of $90,762 / Cap Rate of 9.09%
  • Corporate Guaranteed Lease by Ameris Bank

Exclusively Listed By

Listing Price: $998,633

Cap Rate
6.00%
Tenant Name
Ameris Bank
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
14,797
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.05

Investment Highlights

  • $69,245,000 in Deposits for 2020
  • Only Ameris Bank in Calhoun County – Closest Ameris Bank Branch Is 1+ Hours Away in Tallahassee, FL
  • Value Add Opportunity – The Entire Second Floor Is Recently Renovated Office Space. Buyer Can Lease out the Vacant Space at Market Rent To Achieve a Pro Forma NOI of $90,762 / Cap Rate of 9.09%
  • Corporate Guaranteed Lease by Ameris Bank

Investment Overview

Marcus & Millichap is pleased to present Ameris Bank - Blountstown, a rare investment opportunity for an investor to purchase an iconic brand with a proven track record of success in the submarket of Blountstown, FL. This unique investment opportunity is ideally positioned and is the only Ameris Bank in Calhoun County which is over an hour away from the closest branch in Tallahassee, FL. In addition, this investment is a value-add opportunity with the entire second floor being recently renovated office space. A buyer can lease out the vacant space at market rent to achieve a pro forma NOI of $90,762 and cap rate of 9.09%.

Exclusively Listed By

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