Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this Absolute Net Truist Bank in Mebane, NC. Truist has been operating at this location since 2007 and have approximately 4 years on their current lease term with 1.5% annual rent increases and options to renew.
Investment Highlights
Investment Grade Credit
S&P Global Ratings recently affirmed Truist Bank's A credit rating and stable outlook
Long-Term Tenancy
Truist has served the local community at this branch location for more than 17 years
No Landlord Maintenance Obligations
Absolute Net Lease provides passive ownership and stable cash flow
Inflation Hedge
Rare 1.5% annual increases provide steady rent growth and a hedge against inflation
Depreciation Boosts After-Tax Returns
Fee Simple ownership allows for depreciation of the building boosting after-tax returns
Excellent Underlying Real Estate Fundamentals
Excellent access and visibility from Center St., the main retail thoroughfare serving Mebane
Top 10 Financial Institution
As of Q3 2023, Truist is the 9th largest US Bank with $514 billion in assets and over 51,000 employees
Growth Market
North Carolina's population grew by over 130,000 residents in 2022 raking the state 3rd in the National behind on Florida and Texas
