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Bank

BB&T (Dark)

1901 Sandy Plains Rd, Marietta, GA 30066

Listing Price: $1,950,000

Cap Rate
8.87%
Tenant Name
BB&T
Years Remaining On Lease
4.8
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$487.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.26

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant BB&T dark ground lease located at 1901 Sandy Plains Road in Marietta, Georgia. The property made up of a 4,000 square feet building and is situated on approximately 1.35 acres of land. The investment opportunity is subject to an absolute triple-net (NNN) lease which has approximately seven years of term remaining. The current rent is $157,300 and is subject to 10 percent rental increases. The lease is guaranteed by Branch Banking and Trust Company.

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease
  • Has Seven Years Remaining on an Original 20-Year Ground Lease
  • Has 10 Percent Increases Every Five Years Including Through Option Periods
  • Corporate Guarantee (NYSE: BBT)
  • Investment Grade Credit Moodys: A2
  • Directly Across from a Publix Anchor Shopping Center Sandy Plains Exchange

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $1,950,000

Cap Rate
8.87%
Tenant Name
BB&T
Years Remaining On Lease
4.8
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$487.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$43.26

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease
  • Has Seven Years Remaining on an Original 20-Year Ground Lease
  • Has 10 Percent Increases Every Five Years Including Through Option Periods
  • Corporate Guarantee (NYSE: BBT)
  • Investment Grade Credit Moodys: A2
  • Directly Across from a Publix Anchor Shopping Center Sandy Plains Exchange

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant BB&T dark ground lease located at 1901 Sandy Plains Road in Marietta, Georgia. The property made up of a 4,000 square feet building and is situated on approximately 1.35 acres of land. The investment opportunity is subject to an absolute triple-net (NNN) lease which has approximately seven years of term remaining. The current rent is $157,300 and is subject to 10 percent rental increases. The lease is guaranteed by Branch Banking and Trust Company.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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