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Truist Bank 105 W Parker St 8,628 SF Retail Building Baxley, GA 31513 $2,334,671 ($270.59/SF) 7% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Attractive Rent Increases
- Diversified Revenue and Strong Retail Banking Performance
- Prime Corner Location with Strong Consumer Exposure
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Truist Bank located at 105 W Parker St, Baxley, GA 31513. The site consists of roughly 8,628 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Truist Bank is subject to a Truist Bank-year Triple Net (NNN) lease, which commenced 3/28/2008. The current annual rent is $163,427 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
8,628 SF
Building Class
C
Year Built
1966
Price
$2,334,671
Price Per SF
$270.59
Cap Rate
7%
NOI
$163,427
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.25 AC
Zoning
COMMERCIAL LOT (C3)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | E003-112 | Improvements Assessment | $465,640 |
| Land Assessment | $52,440 | Total Assessment | $518,080 |
Property Taxes
Parcel Number
E003-112
Land Assessment
$52,440
Improvements Assessment
$465,640
Total Assessment
$518,080
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Truist Bank | 105 W Parker St
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