355 S New Hope Rd - Bank FOR SALE


Gastonia, NC 28054
$2,269,090 USD
332-345-4384
355 S New Hope Rd, Gastonia, NC for Sale
$2,269,090 USD
Bank - FOR SALE
1/2
null | 5.45% Cap Rate

355 S New Hope Rd
Gastonia, NC 28054


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities
  • Fair Market Value Rental Increases Not To Exceed 105% Of The Previous Annual Rent Figure In Options
  • Five (5), Five (5)-Year Renewal Options Remaining | Strong Site Commitment

OVERVIEW

Surmount is pleased to present the exclusive listing for a Bank of America located at 355 South New Hope Rd, Gastonia, NC 28054. The site consists of roughly 13,600 rentable square feet of building space on an estimated 1.4-acre parcel of land. This Bank of America is subject to a 20-year Triple Net (NNN) lease, which commenced 1/1/2003. The current annual rent is $123,741 and has scheduled increases of Fair Market Value not to exceed 105.00% of the previous annual rent figure in each of the five, five-year renewal option periods.

FOR SALE DETAILS

PRICE

$2,269,090 USD

PRICE/SF

$167 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

59,991 SF

ZONING

BANK1

APN/PARCEL ID

117468

ASK ABOUT THIS PROPERTY

Hannan Ben YosefNNN Pro GroupMore Info
332-345-4384

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

Hannan Ben YosefNNN Pro GroupMore Info
332-345-4384

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