For Sale
$2,670,000

500 Glynn IsleBrunswick, GA 31525

NNN Leased Bank, Brunswick, GA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 3,276 square foot Wells Fargo Bank located in Brunswick, Georgia. The property boasts a 15-year net lease (NNN) with a commencement date of January 1, 2025, and an expiration date of December 31, 2039, providing a remaining lease term of 15.1 years. The lease includes 10% rent increases every five years, minimizing landlord responsibilities and offering inflation-resistant cash flow. The building, situated on a 0.89-acre lot, features a drive-up ATM and is strategically positioned as an outparcel to the Glynn Isles Shopping Center, anchored by Target and Lowe's Home Improvement, on Altama Avenue, experiencing over 21,300 vehicles per day. Its proximity to Glynn Place Mall (a 502,000 square foot regional mall) and other major retailers like Walmart, The Home Depot, and Publix further enhances its value. The property's Net Operating Income (NOI) is $115,000, resulting in a 4.31% cap rate. The asking price is $2,670,000. This is a rare opportunity to acquire a new, top-tier bank property with a strong tenant and significant long-term growth potential. The property is a single-tenant, 100% occupied retail space.

Highlights

  • Brand new 15-year absolute NNN ground lease with Wells Fargo (NYSE: WFC).
  • Trophy outparcel to Glynn Isles Shopping Center, anchored by Target and Lowe's.
  • Investment-grade tenant, Wells Fargo, one of the "Big Four" banks, offering strong financial security.
  • Located in a high-traffic retail area of Brunswick, GA, a coastal city with strong demographics.
  • 2024 prototype construction; 10% rent increases every five years.
  • Rare opportunity to acquire a brand-new, top-tier bank property at an attractive price, offering strong potential for appreciation.

Property Details for 500 Glynn Isle

Property type
Retail properties, Banks
Square Feet
3,276 SF
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Brunswick
County
Glynn
State
Georgia
Latitude
31.2046928
Longitude
-81.4823694
500 Glynn Isle, Brunswick, Georgia

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500 Glynn Isle
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