Wells Fargo NNN Ground Lease | Kroger Pad Site | $82 Million in Annual Deposits

Agent Info

Brandon Kassab

248.702.0292
bkassab@encorereis.com

David Wilson

248.702.0947
dwilson@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

6756 Covington Highway
Lithonia, GA

  • Price: $2,539,200
  • Cap. Rate: 5.00%
  • NOI: $126,960
  • Building Size: 5,457SF
  • Lot Size: 1.68 AC

Investment Highlights

  • HEAVILY TRAFFICKED CORNER LOCATION

    22,900+ VEHICLES/DAY ON COBB PKWY NW

  • OUTPARCEL TO GROCERY ANCHORED CENTER
  • 6 DRIVE-THRU LANES
  • OVER $80M ANNUAL DEPOSITS
  • RESULT OF CONSOLIDATION OF 3 BRANCHES INTO A “REGIONAL FINANCIAL CENTER”
  • SCHEDULED RENTAL INCREASES OF 15% EVERY 5 YEARS
  • ABSOLUTE NNN GROUND LEASE WITH 9.5 YEARS REMAINING