204 W Center St | Mebane, NC 27302
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204 W Center St
Mebane, NC 27302
Truist Bank | 7.00% CAP | Absolute Net Lease · Retail Property For Sale
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
Property Type
Retail
Property Subtype
Bank
Building Size
5,483 SF
Building Class
C
Year Built/Renovated
1961/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.02 AC
Zoning
B 2 - Financial Building
Parking
45 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $837,287 | |
| Land Assessment | $383,806 | Total Assessment | $1,221,093 |
Property Taxes
Parcel Numbers
Land Assessment
$383,806
Improvements Assessment
$837,287
Total Assessment
$1,221,093
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