For Sale
$2,193,880
286 Hancock St Madison, GA 30650
Net-leased bank, strong tenant, great ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net-leased bank, strong tenant, great ROI.
- Where is the retail property located?
- The property is located at 286 Hancock St Madison, GA.
- What is the asking price?
- The asking price for this property is $2,193,880.
- What are key features of this property?
- This property features: $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.
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