4271 Salem Rd - Bank FOR SALE


Covington, GA 30016
$2,667,000 USD
949-270-8206
4271 Salem Rd, Covington, GA for Sale
$2,667,000 USD
Bank - FOR SALE
1/11

4271 Salem Rd
Covington, GA 30016


HIGHLIGHTS

  • Brand New 20-Year Lease | 2026 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN Ground Lease | Leased Fee (Land Ownership) | Zero Landlord Responsibilities
  • Across From Walmart Anchored Center | Nearby Retail
  • Infrastructure Improvements | Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area | Atlanta MSA

OVERVIEW

• Brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • The tenant, Fifth Third Bank, is an investment grade tenant (S&P: A-) with nearly 1,100 locations • The lease features 10% rental increases every 5 years and at the beginning of each option period, boosting NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,667,000 USD

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank - Atlanta GA MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

CG

APN/PARCEL ID

00130-00000-123-000

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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