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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
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
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 230676 | Improvements Assessment | $0 |
| Land Assessment | $1,080,000 | Total Assessment | $1,080,000 |
Property Taxes
Parcel Number
230676
Land Assessment
$1,080,000
Improvements Assessment
$0
Total Assessment
$1,080,000
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