Bank

BB&T (Truist Bank)

525 E Crossville Rd, Roswell, GA 30075

Listing Price: $7,850,000

Cap Rate
5.51%
Tenant Name
BB&T (Truist Bank)
Years Remaining On Lease
3.60
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$560.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.89

Investment Overview

- NNN BB&T (TRUIST - NYSE: TFC) BANK LOCATED AT A SIGNALIZED INTERSECTION IN AFFLUENT ROSWELL, GA
- VERY STRONG BRANCH WITH DEPOSITS OF $189,267,000
- THIS BRANCH HOLDS A 12% MARKET SHARE IN THE ZIP CODE 30075 - TOTAL DEPOSITS IN THE MARKET AMONG 14 BANK BRANCHES IS $1.625 BILLION
- TRUIST BANK IS THE 6TH LARGEST BANK IN THE U.S. WITH APPROXIMATELY $324 BILLION IN DEPOSITS AND ASSETS OF $504 BILLION
- TWO PERCENT (2.0%) ANNUAL INCREASES DURING INITIAL TERM AND OPTION PERIODS (4X5)
- AVERAGE HOUSEHOLD INCOME IN THE 1-MILE RADIUS IS OVER $105,000 AND OVER $140,000 IN THE 5-MILE RADIUS
- LOCATED ON HEAVILY TRAFFICKED HOLCOMB BRIDGE ROAD (OVER 51,000 CARS/DAY) AND NEAR NATIONAL RETAILERS SUCH AS: ALDI, RACETRAC, KROGER, MARSHALLS, ROSS, FLOOR & DCOR, AND SPROUTS
- ROSWELL IS LOCATED APPROXIMATELY 20 MILES NORTH OF ATLANTA
- ATLANTA CURRENTLY HAS A POPULATION OF OVER 5.9 MILLION PEOPLE - EXPECTED TO GROW BY 5% OVER THE NEXT 5 YEARS
- ATLANTA RANKS AMONG THE HIGHEST IN THE NATION FOR JOB GROWTH - ADDED MORE THAN 300,000 JOBS THE PAST 5 YEARS
- ATLANTA RANKS AMONG THE TOP 10 IN THE NATION IN THE NUMBER OF FORTUNE 500 HEADQUARTERS WITH 15 FIRMS, INCLUDING UPS, DELTA, HOME DEPOT, AND COCA-COLA

Investment Highlights

  • NNN BB&T (TRUIST - NYSE: TFC) BANK LOCATED AT A SIGNALIZED INTERSECTION
  • VERY STRONG BRANCH WITH DEPOSITS OF $189,267,000
  • THIS BRANCH HOLDS A 12% MARKET SHARE IN THE ZIP CODE 30075

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

Listing Price: $7,850,000

Cap Rate
5.51%
Tenant Name
BB&T (Truist Bank)
Years Remaining On Lease
3.60
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$560.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.89

Investment Highlights

  • NNN BB&T (TRUIST - NYSE: TFC) BANK LOCATED AT A SIGNALIZED INTERSECTION
  • VERY STRONG BRANCH WITH DEPOSITS OF $189,267,000
  • THIS BRANCH HOLDS A 12% MARKET SHARE IN THE ZIP CODE 30075

Investment Overview

- NNN BB&T (TRUIST - NYSE: TFC) BANK LOCATED AT A SIGNALIZED INTERSECTION IN AFFLUENT ROSWELL, GA
- VERY STRONG BRANCH WITH DEPOSITS OF $189,267,000
- THIS BRANCH HOLDS A 12% MARKET SHARE IN THE ZIP CODE 30075 - TOTAL DEPOSITS IN THE MARKET AMONG 14 BANK BRANCHES IS $1.625 BILLION
- TRUIST BANK IS THE 6TH LARGEST BANK IN THE U.S. WITH APPROXIMATELY $324 BILLION IN DEPOSITS AND ASSETS OF $504 BILLION
- TWO PERCENT (2.0%) ANNUAL INCREASES DURING INITIAL TERM AND OPTION PERIODS (4X5)
- AVERAGE HOUSEHOLD INCOME IN THE 1-MILE RADIUS IS OVER $105,000 AND OVER $140,000 IN THE 5-MILE RADIUS
- LOCATED ON HEAVILY TRAFFICKED HOLCOMB BRIDGE ROAD (OVER 51,000 CARS/DAY) AND NEAR NATIONAL RETAILERS SUCH AS: ALDI, RACETRAC, KROGER, MARSHALLS, ROSS, FLOOR & DCOR, AND SPROUTS
- ROSWELL IS LOCATED APPROXIMATELY 20 MILES NORTH OF ATLANTA
- ATLANTA CURRENTLY HAS A POPULATION OF OVER 5.9 MILLION PEOPLE - EXPECTED TO GROW BY 5% OVER THE NEXT 5 YEARS
- ATLANTA RANKS AMONG THE HIGHEST IN THE NATION FOR JOB GROWTH - ADDED MORE THAN 300,000 JOBS THE PAST 5 YEARS
- ATLANTA RANKS AMONG THE TOP 10 IN THE NATION IN THE NUMBER OF FORTUNE 500 HEADQUARTERS WITH 15 FIRMS, INCLUDING UPS, DELTA, HOME DEPOT, AND COCA-COLA

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

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