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Truist Bank | 7.00% CAP | Absolute Net Lease 204 W Center St

5,483 SF Retail Building Mebane, NC 27302 $2,087,000 ($381/SF) 7% Cap Rate

Banks North Carolina Mebane 204 W Center St, Mebane, NC 27302

Investment Highlights

  • Investment Grade Credit - S&P Global Ratings recently affirmed Truist Bank's A credit rating and stable outlook
  • No Landlord Maintenance Obligations - Absolute Net Lease provides passive ownership and stable cash flow
  • 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
  • Long-Term Tenancy - Truist has served the local community at this branch location for more than 17 years
  • Inflation Hedge - Rare 1.5% annual increases provide steady rent growth and a hedge against inflation
  • 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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,483 SF
Building Class
C
Year Built/Renovated
1961/2008
Price
$2,087,000
Price Per SF
$381
Cap Rate
7%
NOI
$146,115
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
1.02 AC
Zoning
B 2 - Financial Building
Parking
19 Spaces
Frontage
162 FT on W Center St

Amenities

  • Banking
  • Pylon Sign
  • Signage
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 167999 Improvements Assessment $817,287
Land Assessment $251,777 Total Assessment $1,069,064

PROPERTY TAXES

Parcel Number
167999
Land Assessment
$251,777
Improvements Assessment
$817,287
Total Assessment
$1,069,064
(561) 427-6699 x1027

  • Listing ID: 31024285

  • Date on Market: 2/22/2024

  • Last Updated:

  • Address: 204 W Center St, Mebane, NC 27302

More public record information on 204 W Center St, Mebane, NC 27302

The Retail Property at 204 W Center St, Mebane, NC 27302 is currently available For Sale. Contact Atlantic Capital Partners for more information.

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Truist Bank | 7.00% CAP | Absolute Net Lease | 204 W Center St
(561) 427-6699 x 1027

Truist Bank | 7.00% CAP | Absolute Net Lease | 204 W Center St

Patrick Wagor

(561) 427-6699

x1027

(561) 427-6699 x1027

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