This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

944 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Truist Bank 1601 S Elm-Eugene St

2,283 SF Retail Building Greensboro, NC 27406 £899,868 (£394/SF) 7% Net Initial Yield

Investment Highlights

  • Absolute Triple Net (NNN) Lease with ±5.5 Years Remaining | Zero LL Responsibilities
  • Strong Site Commitment | Tenant on Site since 2007 | High Deposits | Low Rent
  • 1.5% Annual Increases in Rent

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Truist Bank located at 1601 S Elm-Eugene St, Greensboro, NC 27406. The site consists of roughly 2,300 rentable square feet of building space on estimated 0.56-acre parcel of land. This Truist Bank is subject to a ±5.5-year absolute triple-net (NNN) lease, which commenced January 1st, 2007. The current annual rent is $80,372 and is scheduled to increase by 1.50% annually throughout the current term and in each of the next 2, 5-year renewal options. The three (3) succeeding renewal options are subject to a Fair Market Value (FMV) increase.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,283 SF
Building Class
B
Year Built
1972
Price
£899,868
Price Per SF
£394
Net Initial Yield
7%
NOI
£62,991
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.56 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
159 ft on S Elm-Eugene St

Amenities

  • Bus Route
1 of 1
1601 S Elm-Eugene St, Greensboro, NC - aerial map view

PROPERTY TAXES

Parcel Number 0008057 Improvements Assessment £219,996
Land Assessment £106,040 Total Assessment £326,036

PROPERTY TAXES

Parcel Number
0008057
Land Assessment
£106,040
Improvements Assessment
£219,996
Total Assessment
£326,036
(332) 345-4222

  • Listing ID: 32170933

  • Date on Market: 18/06/2024

  • Last Updated:

  • Address: 1601 S Elm-Eugene St, Greensboro, NC 27406

The Retail Property at 1601 S Elm-Eugene St, Greensboro, NC 27406 is currently available For Sale. Contact NNN Pro Group for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
1601 S Elm-Eugene St, Greensboro, NC for sale Building Photo- Image 1 of 3
pic 1
1601 S Elm-Eugene St, Greensboro, NC for sale Aerial- Image 2 of 3
1601 S Elm-Eugene St - Greensboro, NC - Ariel

1 of 1

Connect with us

© 2024 CoStar Group

Truist Bank | 1601 S Elm-Eugene St
(332) 345-4222 x

Truist Bank | 1601 S Elm-Eugene St

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Judson Kauffman

(332) 345-4202

(332) 345-4202

Hannan Ben Yosef

(332) 345-4384

(332) 345-4384

Matthew Sorace

(332) 345-7813

(332) 345-7813

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link