101 St Mark Ave - Bank FOR SALE


Selma, NC 27576
$3,000,000 USD
248-688-0630
101 St Mark Ave, Selma, NC for Sale
$3,000,000 USD
Bank - FOR SALE
1/9
null | 4.5% Cap Rate

101 St Mark Ave
Selma, NC 27576


HIGHLIGHTS

  • Corporate-guaranteed Chase Bank lease with initial 15-year term and six 5-year extension options.
  • Over 13 years remaining with 10% rent increases every 5 years, including options.
  • Located at Eastfield Commons, a major retail hub anchored by Target, Academy Sports, and Hobby Lobby.
  • Minimal landlord obligations under NNN ground lease structure; tenant covers CAM, taxes, and insurance.
  • Immediate access to I-95 and U.S. Highway 70, drawing over 63,400 vehicles daily.
  • Positioned in an Opportunity Zone, creating potential tax benefits for eligible buyers.

OVERVIEW

This rare investment opportunity offers a newly developed, single-tenant net-leased (NNN) property occupied by Chase Bank in Selma, North Carolina, within the high-growth Raleigh-Cary MSA. The property features a corporate ground lease with over 13 years remaining, including six (5-year) renewal options. Investors benefit from scheduled 10% rental increases every five years, providing consistent income growth and a strong inflation hedge. Strategically situated within Eastfield Commons, a 435-acre master-planned, mixed-use development, the property enjoys exceptional visibility near the intersection of Interstate 95 and U.S. Highway 70, with a combined traffic count of more than 63,400 vehicles daily. The surrounding retail corridor is anchored by nationally recognized brands such as Target, Academy Sports, Marshalls, Ulta, and Hobby Lobby, along with proximity to Carolina Premium Outlets. This robust co-tenancy enhances consumer draw and sustained foot traffic. As a land lease investment, ownership involves minimal landlord responsibilities, making it a low-maintenance, passive income asset. Additionally, the property lies within an Opportunity Zone, offering potential tax advantages for qualifying investors (consult a tax professional). With strong demographics, growing employment drivers, and connection to the Raleigh-Durham Research Triangle, this investment presents secure income backed by a credit-rated tenant with long-term growth prospects.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$900 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-1

APN/PARCEL ID

12M12004X

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.