For Sale
$2,193,880

286 Hancock StMadison, GA 30650

Net-leased bank, strong tenant, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, 7,830 square foot Truist Bank building located at 286 Hancock St, Madison, GA 30650. The property boasts a strong 6.25% cap rate, generating a net operating income (NOI) of $137,117 annually. The absolute NNN lease with Truist, a credit-rated tenant, features a remaining term of approximately 5.1 years, with one 3-year option and five 5-year options remaining, providing significant long-term stability. Built in 1970, this Class B property sits on a 0.77-acre lot zoned Downtown Commercial (C-1) and includes 29 parking spaces. The lease commenced December 10, 2007, and is set to expire December 31, 2029. Annual rent bumps of 1.5% ensure consistent income growth. The property has a 100% occupancy rate since its opening date, December 10, 2007. This is a rare opportunity to acquire a well-performing, net-leased asset with a highly reputable tenant and substantial remaining lease term in a desirable location. The property's strong operating history and favorable lease terms make it an attractive investment for discerning buyers seeking secure, passive income.

Highlights

  • $2,193,880 asking price for a Truist Bank net-leased property in Madison, GA.
  • 7,830 square foot, Class B retail building on a 0.77-acre lot with 29 parking spaces.
  • Absolute NNN lease with a credit-rated tenant (Truist), offering a 6.25% cap rate and $137,117 annual NOI.
  • Approximately 5.1 years remaining on the primary lease term, with one 3-year and five 5-year renewal options.
  • 1.5% annual rent bumps.

Property Details for 286 Hancock St

Property type
Retail properties, Retail space
Square Feet
7,830 SF
Class
B
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
1

Location Insight

City
Madison
County
Morgan
State
Georgia
Latitude
33.595174
Longitude
-83.4669288
286 Hancock St, Madison, Georgia

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286 Hancock St
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