204 W Center St - Bank FOR SALE
Mebane, NC 27302 |
$2,087,000 USD
561-427-6699
204 W Center St
Mebane, NC 27302
HIGHLIGHTS
- Investment Grade Credit - S&P Global Ratings recently affirmed Truist Bank's A credit rating and stable outlook
- Long-Term Tenancy - Truist has served the local community at this branch location for more than 17 years
- No Landlord Maintenance Obligations - Absolute Net Lease provides passive ownership and stable cash flow
- Inflation Hedge - Rare 1.5% annual increases provide steady rent growth and a hedge against inflation
- Top 10 Financial Institution - As of Q3 2023, Truist is the 9th largest US Bank with $514 billion in assets and over 51,000 employees
- Growth Market- North Carolina's population grew by over 130,000 residents in 2022 raking the state 3rd in the National behind on Florida and Texas
FOR SALE DETAILS
PRICE
$2,087,000 USD
PRICE/SF
$381 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Truist Bank | 7.00% CAP | Absolute Net Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1961
SPRINKLERS
-
PARKING SPACES
19
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
B 2
APN/PARCEL ID
167999
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561-427-6699
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561-427-6699
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