1145 US Highway 70 W - Bank FOR SALE


Garner, NC 27529- Garner/Fuquay Varina
$5,276,035 USD
332-345-4222
1145 US Highway 70 W, Garner, NC for Sale
$5,276,035 USD
Bank - FOR SALE
1/3
null | 5.65% Cap Rate

1145 US Highway 70 W
Garner, NC 27529
Garner/Fuquay Varina


OVERVIEW

Surmount is pleased to present a Fifth Third Bank located at 1145 US Highway 70 W, Garner, NC, 73401. The site consists of roughly 2,872 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Fifth Third Bank is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2005. The current annual rent is $298,096 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$5,276,035 USD

PRICE/SF

$1,837 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

1701.12-86-1073-000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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