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Bank

Truist Bank

791 E Roosevelt Blvd, Monroe, NC 28112

Listing Price: $1,383,235

Cap Rate
5.65%
Tenant Name
Corporate
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
2,941
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 791 East Roosevelt Boulevard in Monroe, North Carlina. The site constructed in 1993, consists of roughly 2,941 rentable square feet of building space on estimated 0.91 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $78,153 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 12 years. There are six (6), five (5)-year tenant renewal options remaining.

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 7.2 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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $1,383,235

Cap Rate
5.65%
Tenant Name
Corporate
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
2,941
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.57

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 7.2 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 791 East Roosevelt Boulevard in Monroe, North Carlina. The site constructed in 1993, consists of roughly 2,941 rentable square feet of building space on estimated 0.91 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $78,153 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 12 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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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