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1050 Yunus Rd
Durham, NC 27703
New First National Bank | 20-Year | 10% Bumps · Retail Property For Sale

Investment Highlights

  • Brand-new, state-of-the-art construction with First National Bank’s (FNB) latest prototype
  • Long-term lease | New, 20-year, absolute NNN ground lease | Zero Landlord responsibilities
  • 10% rent increases every 5 years throughout the initial term and options, providing an excellent hedge against inflation
  • Corporately guaranteed lease (NYSE: FNB) | “BBB-“ credit rating
  • Signalized, hard corner location
  • FNB Corporation has total assets of nearly $46B and 350+ banking offices throughout 7 states and the District of Columbia | Holds a market cap of ±$5B

Property Facts

Property Type
Retail
Property Subtype
Bank
Building Size
2,778 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.40 AC
Parking
14 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
117’ on Ellis Road

Amenities

  • Signalized Intersection

Property Taxes

Property Taxes

Parcel Number
230676
Land Assessment
$1,080,000
Improvements Assessment
$0
Total Assessment
$1,080,000
  • Listing ID: 31576231

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 1050 Yunus Rd, Durham, NC 27703

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