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2230 Melrose Ave NW
Roanoke, VA 24017
SunTrust Bank · Retail Property For Sale
PROPERTY FACTS
ABOUT 2230 MELROSE AVE NW , ROANOKE, VA 24017
CBRE is pleased to exclusively present for sale this SunTrust Bank located on Melrose Avenue in Roanoke, Virginia. This is an absolute NNN lease with no landlord responsibilities or expenses. SunTrust has been operating at this location since 2008 and currently has over 10 years remaining in its initial 20 year lease. There are rare 1.5% annual rental increases in the base term of the lease and in each of the six, five year options. The lease is corporately guaranteed by SunTrust Banks, Inc., a publicly traded, investment grade credit tenant rated A- by Standard & Poor's. This passive ownership offering, combined with a highly financeable small price point makes this an easily attainable investment property for the future owner.
PROPERTY TAXES
| Parcel Number | 2322301 | Improvements Assessment | $354,100 |
| Land Assessment | $66,800 | Total Assessment | $420,900 |
PROPERTY TAXES
