For Sale
$1,386,426

201 Isabella StSylvester, GA 31791

Sylvester, GA: Bank building, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a 9,669 square foot Truist Bank building located at 201 N Isabella St, Sylvester, GA 31791. The property boasts a strong, absolute NNN lease with a national credit tenant, Truist, offering significant financial stability. The lease commenced December 10, 2007, and currently has approximately 5.1 years remaining, with one 3-year option and five 5-year options. The annual rent bumps are 1.5%, ensuring consistent income growth. The property, built in 1962 and renovated in 1997, sits on a 0.8-acre lot and includes 31 parking spaces. The building is classified as Class B and is zoned for Neighborhood Business District (C-1). The asking price is $1,386,426, representing a price per square foot of $143.39 and a 6.27% cap rate based on a current NOI of $86,986. This single-tenant, single-story building offers a secure, passive income stream with a long-term lease and a proven track record. The property's central location in downtown Sylvester, surrounded by other businesses, further enhances its value and potential for future appreciation. This is an ideal 1031 exchange opportunity.

Highlights

  • 9,669 SF Truist Bank building on 0.8-acre lot in Sylvester, GA.
  • Absolute NNN lease with national credit tenant, Truist.
  • Approximately 6 years remaining on lease, plus option periods.
  • 6.27% cap rate, $1,386,426 asking price.

Property Details for 201 Isabella St

Property type
Retail properties, Retail space
Square Feet
9,669 SF
Class
B
Year Built/Renovated
1962/1997
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF
Units
1

Location Insight

City
Sylvester
County
Worth
State
Georgia
Latitude
31.5279475
Longitude
-83.8379802
201 Isabella St, Sylvester, Georgia

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201 Isabella St
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