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204 W Center St
Mebane, NC 27302

$2,087,000 USD

Bank For Sale  •  5,483 SF

Property Details

  • Property Type Bank
  • Total Building Size 5,483 SF
  • Lot Size 1.02 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning B 2
0 Transit Score
70 Walk Score

Highlights

Investment Grade Credit - S&P Global Ratings recently affirmed Truist Bank's A credit rating and stable outlook
Long-Term Tenancy - Truist has served the local community at this branch location for more than 17 years
No Landlord Maintenance Obligations - Absolute Net Lease provides passive ownership and stable cash flow
Inflation Hedge - Rare 1.5% annual increases provide steady rent growth and a hedge against inflation
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
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
Cap Rate: 7.00 %

Amenities

  • Banking
  • Pylon Sign
  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners