900 E 1st St - Bank FOR SALE
Vidalia, GA 30474 |
$1,454,000 USD
216-503-3610
900 E 1st St
Vidalia, GA 30474
HIGHLIGHTS
- Absolute NNN Lease – True, Absolute NNN lease with Zero Landlord Responsibilities providing a new owner with a passive investment opportunity
- Large Parcel – The ±17,657 SF structure is sitting on ±2.09 AC providing long term viability for site redevelopment and maximization of value.
- Significantly Below Replacement Cost – The property is being offered at $99 PSF. Significantly below the cost to purchase the land and produce a simil
- 10% Increases in the Four, 5-Year Remaining Option Periods
- Below Market Rent – Tenant is Currently Paying $7.93 PSF, with estimated Market Rents at $11.00 – $13.00 PSF
- Frontage and Visibility – The Property has several ingress/egress points on East 1st Street, providing significant exposure with ±18,500 VPD
FOR SALE DETAILS
PRICE
$1,454,000 USD
PRICE/SF
$82 USD /SF
CAP RATE
8%
% 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
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.09 AC
LAND SF
91,040 SF
ZONING
RESIDENTIA
APN/PARCEL ID
V2503501
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216-503-3610
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216-503-3610
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