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Bank

Regions Bank

3880 Lavista Rd, Tucker, GA 30084

Listing Price: $3,350,000

Cap Rate
5.50%
Tenant Name
Regions Bank
Years Remaining On Lease
4.2
Gross SF
3,960
Guarantor
Corporate Guarantee
Rentable SF
3,960
Price/Gross SF
$845.96
Lease Type
Absolute Net
Rent Per Square Feet
$4.60

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Regions Bank in Tucker, Georgia. The property consists of a 3,960-square foot, freestanding building that sits on approximately 1.32 acres of land. There are approximately 4.2 years remaining on the current lease term, with a rental escalation scheduled in the next option. The property has excellent access and visibility on Lavista Road, where traffic counts exceed 20,791 vehicles per day. The area is extremely dense with more than 309,251 residents within a five-mile radius. Surrounding retailers in the immediate area include Kroger, PetSmart, Publix, TJ Maxx, Dollar Tree, Party City, Dunkin’, McDonald’s, Popeyes, Movie Tavern, Chipotle, Panda Express and many more. Other traffic generators include Northlake Mall (1 mile away) – recently redeveloped a former Sears space and leased 224,000-square-feet to Emory Healthcare and Stone Mountain Park (10 miles away) – 4,000,000 visitors in 2019.

Investment Highlights

  • Absolute Net Lease with Approximately 4.2 Years Remaining
  • Huge Bank Deposits – Almost $123 Million in Consumer Deposits (as of 6/1/2020)
  • Affluent Atlanta Submarket - Average Household Income of $127,803 (1-Mile Radius)
  • Excellent Frontage and Visibility on LaVista Road, Where Traffic Counts Exceed 20,791 VPD
  • More than 309,251 Residents Within a Five-Mile Radius
  • Large 1.32 Acres Parcel with Ample Parking and Multiple Access Points
  • Investment Grade Tenant (A-; S&P) - Corporate Guaranty from Regions Bank, a Fortune 500 Company
  • Dense Retail Area along Interstate 285 (161,337 VPD)

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: $3,350,000

Cap Rate
5.50%
Tenant Name
Regions Bank
Years Remaining On Lease
4.2
Gross SF
3,960
Guarantor
Corporate Guarantee
Rentable SF
3,960
Price/Gross SF
$845.96
Lease Type
Absolute Net
Rent Per Square Feet
$4.60

Investment Highlights

  • Absolute Net Lease with Approximately 4.2 Years Remaining
  • Huge Bank Deposits – Almost $123 Million in Consumer Deposits (as of 6/1/2020)
  • Affluent Atlanta Submarket - Average Household Income of $127,803 (1-Mile Radius)
  • Excellent Frontage and Visibility on LaVista Road, Where Traffic Counts Exceed 20,791 VPD
  • More than 309,251 Residents Within a Five-Mile Radius
  • Large 1.32 Acres Parcel with Ample Parking and Multiple Access Points
  • Investment Grade Tenant (A-; S&P) - Corporate Guaranty from Regions Bank, a Fortune 500 Company
  • Dense Retail Area along Interstate 285 (161,337 VPD)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Regions Bank in Tucker, Georgia. The property consists of a 3,960-square foot, freestanding building that sits on approximately 1.32 acres of land. There are approximately 4.2 years remaining on the current lease term, with a rental escalation scheduled in the next option. The property has excellent access and visibility on Lavista Road, where traffic counts exceed 20,791 vehicles per day. The area is extremely dense with more than 309,251 residents within a five-mile radius. Surrounding retailers in the immediate area include Kroger, PetSmart, Publix, TJ Maxx, Dollar Tree, Party City, Dunkin’, McDonald’s, Popeyes, Movie Tavern, Chipotle, Panda Express and many more. Other traffic generators include Northlake Mall (1 mile away) – recently redeveloped a former Sears space and leased 224,000-square-feet to Emory Healthcare and Stone Mountain Park (10 miles away) – 4,000,000 visitors in 2019.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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