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Bank

Truist (BB&T)

402 Elm St E, Hampton, SC 29924

Listing Price: $899,520

Cap Rate
6.25%
Tenant Name
Truist Corp.
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Ground Lease
Rent Per Square Feet
$12.49

Investment Overview

Marcus & Millichap is pleased to present Truist (BB&T), a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Hampton, SC. The nearest Truist bank branch is over 20 miles away making this investment a unique opportunity. This location has the largest deposits for a Truist branch in Hampton County as well. The location has a long 20+ year operating history as BB&T Bank and is a corporate guaranteed ground lease with no landlord responsibilities.

Investment Highlights

  • 20+ Year Operating History as BB&T Bank
  • Truist: 6th Largest Commercial U.S. Bank
  • Corporate Guaranteed Lease
  • Largest Deposits for a Truist Branch in Hampton County
  • 3.36 Years Remaining on Ground Lease - No Landlord Responsibilities
  • Closest Truist Bank Branch 20+ Miles Away

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Listing Price: $899,520

Cap Rate
6.25%
Tenant Name
Truist Corp.
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Ground Lease
Rent Per Square Feet
$12.49

Investment Highlights

  • 20+ Year Operating History as BB&T Bank
  • Truist: 6th Largest Commercial U.S. Bank
  • Corporate Guaranteed Lease
  • Largest Deposits for a Truist Branch in Hampton County
  • 3.36 Years Remaining on Ground Lease - No Landlord Responsibilities
  • Closest Truist Bank Branch 20+ Miles Away

Investment Overview

Marcus & Millichap is pleased to present Truist (BB&T), a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Hampton, SC. The nearest Truist bank branch is over 20 miles away making this investment a unique opportunity. This location has the largest deposits for a Truist branch in Hampton County as well. The location has a long 20+ year operating history as BB&T Bank and is a corporate guaranteed ground lease with no landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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