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Truist Bank 1601 S Elm-Eugene St

2,283 SF Retail Building Greensboro, NC 27406 $1,612,813 CAD ($706 CAD/SF) 7% Cap Rate

Banks North Carolina Greensboro 1601 S Elm-Eugene St, Greensboro, NC 27406

Investment Highlights

  • Absolute Triple Net (NNN) Lease with ±5.5 Years Remaining | Zero LL Responsibilities
  • Strong Site Commitment | Tenant on Site since 2007 | High Deposits | Low Rent
  • 1.5% Annual Increases in Rent

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Truist Bank located at 1601 S Elm-Eugene St, Greensboro, NC 27406. The site consists of roughly 2,300 rentable square feet of building space on estimated 0.56-acre parcel of land. This Truist Bank is subject to a ±5.5-year absolute triple-net (NNN) lease, which commenced January 1st, 2007. The current annual rent is $80,372 and is scheduled to increase by 1.50% annually throughout the current term and in each of the next 2, 5-year renewal options. The three (3) succeeding renewal options are subject to a Fair Market Value (FMV) increase.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,283 SF
Building Class
B
Year Built
1972
Price
$1,612,813 CAD
Price Per SF
$706 CAD
Cap Rate
7%
NOI
$112,897 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.56 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
159 ft on S Elm-Eugene St

Amenities

  • Bus Line
1 of 1
1601 S Elm-Eugene St, Greensboro, NC - aerial map view

PROPERTY TAXES

Parcel Number 0008057 Improvements Assessment $395,947 CAD
Land Assessment $190,850 CAD Total Assessment $586,797 CAD

PROPERTY TAXES

Parcel Number
0008057
Land Assessment
$190,850 CAD
Improvements Assessment
$395,947 CAD
Total Assessment
$586,797 CAD
(332) 345-4222

  • Listing ID: 32170933

  • Date on Market: 2024-06-18

  • Last Updated:

  • Address: 1601 S Elm-Eugene St, Greensboro, NC 27406

The Retail Property at 1601 S Elm-Eugene St, Greensboro, NC 27406 is currently available For Sale. Contact NNN Pro Group for more information.

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1601 S Elm-Eugene St, Greensboro, NC for sale Aerial- Image 2 of 3
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Truist Bank | 1601 S Elm-Eugene St
(332) 345-4222 x

Truist Bank | 1601 S Elm-Eugene St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Judson Kauffman

(332) 345-4202

(332) 345-4202

Hannan Ben Yosef

(332) 345-4384

(332) 345-4384

Matthew Sorace

(332) 345-7813

(332) 345-7813

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