500 Glynn Is - Bank FOR SALE


Brunswick, GA 31525
$2,670,000 USD
949-903-3399
500 Glynn Is, Brunswick, GA for Sale
$2,670,000 USD
Bank - FOR SALE
1/4
null | 4.31% Cap Rate

500 Glynn Is
Brunswick, GA 31525


HIGHLIGHTS

  • Brand New 15 Yr. Absolute NNN Corp. Ground Lease by Wells Fargo (NYSE: WFC) - Opens Soon
  • Trophy Outparcel to Glenn Isles Power Center (193K SF) - Target/Lowe’s/Dick’s/Ross Anchored
  • Best in Class Bank - Part of “The Big Four Banks” - Strong Guarantee with Market CAP $185B+
  • Affluent Coastal City with Strong Demos - Within Main Retail Trade Area of a Large MSA
  • 2024 Prototype Construction - Investment Grade Tenant with 10% Bumps/5 Yrs. - Coupon Clipper
  • Rare Price for a Brand New Top Bank Brand - Replaceable Market Rent - Strong Retail Density

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire a NNN ground leased Wells Fargo Bank in Brunswick, GA. Wells Fargo (NYSE: WFC) has an investment grade credit rating, operates over 6,900 branches nationwide and has over $1.4 trillion in annual deposits. With a new 15-year lease term, three 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities this asset is ideal for an investor seeking years of inflation resistant cash flows. The new construction 3,276 SF standalone building with drive-up ATM on 0.89 acres is an outparcel to Glynn Isles Shopping center (anchored by Target & Lowe’s Home Improvement) and is positioned on Altama Avenue which sees over 21,300 VPD. Additionally, the subject property is within a mile of Glynn Place Mall, a 502,000 SF regional mall. Other nearby retailers include Walmart Supercenter, Walmart Neighborhood Market, The Home Depot, Publix, McDonald’s, Starbucks, Chick-fil-A, Wendy’s, Walgreens and more.

FOR SALE DETAILS

PRICE

$2,670,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

4.31%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo - New 15Yr. Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

HC

APN/PARCEL ID

01-07535

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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