Skip to main content

Bank

Truist Bank

201 W Parker St, Baxley, GA 31513

Listing Price: $2,677,878

Cap Rate
5.75%
Tenant Name
Corporate
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
8,628
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.85

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 201 West Parker Street in Baxley, Georgia. The site constructed in 1966, consists of roughly 8,628 rentable square feet of building space on estimated 1.25 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $153,978 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,677,878

Cap Rate
5.75%
Tenant Name
Corporate
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
8,628
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.85

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 201 West Parker Street in Baxley, Georgia. The site constructed in 1966, consists of roughly 8,628 rentable square feet of building space on estimated 1.25 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $153,978 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower