404 Hamric Dr E | Oxford, AL 36203
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404 Hamric Dr E
Oxford, AL 36203
Truist Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE CREDIT TENANT - Truist Financial Corporation (NYSE: TFC) holds an S&P: A- and is currently the 6th largest financial institution
- EXCELLENT BRANCH DEPOSITS - The branch holds an impressive $108,027,000 in deposits per the FDIC 2022; ranking 2nd out of 9 branches in the zip code
- ANNUAL RENTAL INCREASES - There are Annual CPI Increases throughout the lease term and option periods; providing a strong hedge against inflation
- ABSOLUTE NNN LEASE - There are 4 years remaining on an Absolute NNN Fee Simple lease with zero landlord responsibilities and 4, 5-year options
- DENSE RETAIL CORRIDOR - The property is located immediately down the street from Quintard Mall with a plethora of national tenants in the vicinity
- NEW LEASE EXTENSION - Truist Bank just executed a brand new 5-year lease extension in August 2022; demonstrating their long-term commitment.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,452 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Parking
54 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Banking
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 21-09-30-4-001-020.003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $278,620 |
PROPERTY TAXES
Parcel Number
21-09-30-4-001-020.003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$278,620
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