Sunstrust Bank | Affluent Richmond Suburb | 3% Annual Increases | 5+ Years On NNN Lease

New to Market

&nbsp

Cap Rate: 6.25%
Location: MANAKIN-SABOT Virginia
List Price: $2,990,000

• Suntrust (S&P A-) Bank with more than five years remaining on the Absolute
NNN (Fee Simple) Lease

• Affluent Richmond, Virginia Town with Household Income Exceeding $190,000
in the trade area

• Strong Three Percent Annual Increases in Rent

• Strong Bank Deposits Exceeding $50 Million Per Year

• Huge Deposit Increases of 35% Since 2016 ($37 Million in 2016 to $50 Million
in 2019)

• Located in close proximity to Averett University (1,500 Students), Mary Baldwin
University (1,250 Students) and The University of Richmond (4,200 Students)

Maximize Your Leverage of the Market
Ask Us How

Michael Salafia
Net Lease Specialist
Marcus & Millichap
5201 Blue Lagoon Drive
Suite 100
Miami, FL 33126
(646) 217-1465 mobile
(786) 522-7134 direct
michael.salafia@marcusmillichap.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. All rights reserved.

What's your opinion?

More

%d bloggers like this: