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900 E First St, Vidalia, GA, 30474

TRUIST BANK
$1,454,000

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Highlights

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease – True, Absolute NNN lease with Zero Landlord Responsibilities providing a new owner with a passive investment opportunity over the long term.
  • Large Parcel – The ±17,657 SF structure is sitting on ±2.09 AC providing long term viability for site redevelopment and maximization of value.
  • Significantly Below Replacement Cost – The property is being offered at $99 PSF. Significantly below the cost to purchase the land and produce a similar structure in today’s market.
  • 10% Increases in the Four, 5-Year Remaining Option Periods
  • Below Market Rent – Tenant is Currently Paying $7.93 PSF, with estimated Market Rents at $11.00 – $13.00 PSF
  • Frontage and Visibility – The Property has several ingress/egress points on East 1st Street, providing significant exposure with ±18,500 VPD

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
8%
$ per SF
$99
Year Built
1970
Type
Retail
NOI
$116,331
Leasable Area
14,668