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Bank

Truist Bank (SunTrust) | 11+ Years Remaining | Exceptional Northern VA Demographics | Washing

43340 Van Geison Terrace, Ashburn, VA 20148

Listing Price: $9,579,167

Cap Rate
6.00%
Tenant Name
Truist Bank
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
2,525
Lease Type
NNN Ground Lease
Rent Per Square Feet
$227.62

Investment Overview

Originally opened as a SunTrust, this branch is now under the Truist brand by virtue of the BB&T - SunTrust merger. It has more than 11 years remaining on a NNN ground lease that features 10 percent (10%) rental increases every five years during the base term and four, five-year options periods. Truist Bank is a wholly-owned subsidiary of Truist Financial Group (NYSE: TFC), a publicly traded company with a market cap of $77.5 billion. Truist Financial Group boasts an investment-grade credit rating of “A-” by Standard & Poor’s and “A3” by Moody’s. With more than 2,049 branches, Truist has $509.2 billion in total assets and revenue of $24.427 Billion in 2020, which represents a 66.58 percent increase over 2019.

Investment Highlights

  • 11+ Year Term Ground Lease on Investment-Grade Credit Tenant
  • 10 Percent Increases Every Five Years
  • Exceptional Northern Virginia Demographics

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Bank

Truist Bank (SunTrust) | 11+ Years Remaining | Exceptional Northern VA Demographics | Washing

Listing Price: $9,579,167

Cap Rate
6.00%
Tenant Name
Truist Bank
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
2,525
Lease Type
NNN Ground Lease
Rent Per Square Feet
$227.62

Investment Highlights

  • 11+ Year Term Ground Lease on Investment-Grade Credit Tenant
  • 10 Percent Increases Every Five Years
  • Exceptional Northern Virginia Demographics

Investment Overview

Originally opened as a SunTrust, this branch is now under the Truist brand by virtue of the BB&T - SunTrust merger. It has more than 11 years remaining on a NNN ground lease that features 10 percent (10%) rental increases every five years during the base term and four, five-year options periods. Truist Bank is a wholly-owned subsidiary of Truist Financial Group (NYSE: TFC), a publicly traded company with a market cap of $77.5 billion. Truist Financial Group boasts an investment-grade credit rating of “A-” by Standard & Poor’s and “A3” by Moody’s. With more than 2,049 branches, Truist has $509.2 billion in total assets and revenue of $24.427 Billion in 2020, which represents a 66.58 percent increase over 2019.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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