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900 E 1st St
Vidalia, GA 30474

$1,454,000 USD

Bank For Sale  •  17,657 SF

Property Details

  • Property Type Bank
  • Total Building Size 17,657 SF
  • Lot Size 2.09 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning RESIDENTIA
0 Transit Score
61 Walk Score

Highlights

Absolute NNN Lease – True, Absolute NNN lease with Zero Landlord Responsibilities providing a new owner with a passive investment opportunity
Large Parcel – The ±17,657 SF structure is sitting on ±2.09 AC providing long term viability for site redevelopment and maximization of value.
Significantly Below Replacement Cost – The property is being offered at $99 PSF. Significantly below the cost to purchase the land and produce a simil
10% Increases in the Four, 5-Year Remaining Option Periods
Below Market Rent – Tenant is Currently Paying $7.93 PSF, with estimated Market Rents at $11.00 – $13.00 PSF
Frontage and Visibility – The Property has several ingress/egress points on East 1st Street, providing significant exposure with ±18,500 VPD
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
900 EAST 1ST LLC
Truist 1/1/2015

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services
Jonah Yulish 216-503-3610 Matthews Real Estate Investment Services