1601 S Elm-Eugene St - Bank FOR SALE


Greensboro, NC 27406
$1,148,171 USD
332-345-4222
1601 S Elm-Eugene St, Greensboro, NC for Sale
$1,148,171 USD
Bank - FOR SALE
1/2
null | 7% Cap Rate

1601 S Elm-Eugene St
Greensboro, NC 27406


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease with ±5.5 Years Remaining | Zero LL Responsibilities
  • 1.5% Annual Increases in Rent
  • Strong Site Commitment | Tenant on Site since 2007 | High Deposits | Low Rent

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Truist Bank located at 1601 S Elm-Eugene St, Greensboro, NC 27406. The site consists of roughly 2,300 rentable square feet of building space on estimated 0.56-acre parcel of land. This Truist Bank is subject to a ±5.5-year absolute triple-net (NNN) lease, which commenced January 1st, 2007. The current annual rent is $80,372 and is scheduled to increase by 1.50% annually throughout the current term and in each of the next 2, 5-year renewal options. The three (3) succeeding renewal options are subject to a Fair Market Value (FMV) increase.

FOR SALE DETAILS

PRICE

$1,148,171 USD

PRICE/SF

$503 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Truist Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

0008057

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.