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Regions Bank | Recent Extension | S&P: A- 3880 Lavista Rd 3,930 SF Retail Building Tucker, GA 30084 $3,071,000 ($781.42/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 5 Year Extension | Option To Extend | Scheduled Rental Increases | Investment Grade Tenant
- Briarcliff Village (189,000 SF) | Drive-Thru Lane Equipped |Tucker Meridian (207,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: A-), corporate signed, drive-thru equipped, Regions Bank investment property located in Tucker, Georgia (Atlanta MSA). The tenant has aproximately 5.5 years remaining on their current lease with 1 (5-year) option to extend. The lease features 1% annual rental increases throughout the initial term, and will have Fair Market Value rental increases in the remaining option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. According to the FDIC, brand deposits have steadily increased over the past few years to over $47 Million (+33% since 2022, +68% since 2019).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,930 SF
Building Class
B
Year Built
2002
Price
$3,071,000
Price Per SF
$781.42
Cap Rate
6%
NOI
$184,238
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.32 AC
Zoning
Commercial
Parking
37 Spaces (9.41 Spaces per 1,000 SF Leased)
Frontage
266’ on Lavista Rd
AMENITIES
- Banking
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-190-01-013 | Improvements Assessment | $617,080 |
| Land Assessment | $356,480 | Total Assessment | $973,560 |
PROPERTY TAXES
Parcel Number
18-190-01-013
Land Assessment
$356,480
Improvements Assessment
$617,080
Total Assessment
$973,560
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Regions Bank | Recent Extension | S&P: A- | 3880 Lavista Rd
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