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TRUIST BANK 900 E 1st St
17,657 SF Retail Building Vidalia, GA 30474 $1,454,000 ($82/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – True, Absolute NNN lease with Zero Landlord Responsibilities providing a new owner with a passive investment opportunity
- Significantly Below Replacement Cost – The property is being offered at $99 PSF. Significantly below the cost to purchase the land and produce a simil
- Below Market Rent – Tenant is Currently Paying $7.93 PSF, with estimated Market Rents at $11.00 – $13.00 PSF
- Large Parcel – The ±17,657 SF structure is sitting on ±2.09 AC providing long term viability for site redevelopment and maximization of value.
- 10% Increases in the Four, 5-Year Remaining Option Periods
- Frontage and Visibility – The Property has several ingress/egress points on East 1st Street, providing significant exposure with ±18,500 VPD
EXECUTIVE SUMMARY
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 900 EAST 1ST LLC
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- Jan 2015
At Truist, their purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Their belief in better is at the core of everything that they do, every day. They are one team united by their purpose, mission, and values. Working together to take care of people is more than the words they say—it’s who they are. Great leaders change their world for the better. The best ones inspire people to live with a winning mindset. They have developed a culture of leadership that empowers others to be their best. The Truist Executive Leadership team is made up of diverse, seasoned leaders—committed to building better for their clients, teammates, and communities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 900 EAST 1ST LLC | - | - | - | - | ||
|
|
Finance and Insurance | - | - | Jan 2015 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | V2503501 | Improvements Assessment | $366,220 |
| Land Assessment | $125,400 | Total Assessment | $491,620 |
PROPERTY TAXES
Presented by
TRUIST BANK | 900 E 1st St
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