Single Tenant Net Sale-Leaseback and links to other Single Tenant Net Sale-Leasebacks

Single Tenant Net Sale-Leaseback
and links to other
Single Tenant Net Sale-Leasebacks

Did you know...
Single Tenant Net Sale-Leaseback properties with a credit tenant will often go to sealed bid

Single Tenant Net Sale-Leaseback Property # 1063
Single Tenant Net Sale-Leaseback Tenant:     NationsBank of Georgia

Capitalization Rate (CAP):     9.96%

Asking Price:     $15,500,000

Net Operating Income (NOI):     $1,544,388

State Located:     GA

Lease Terms:     11 years remaining. Expires 10-31-2006. Lessee has option to cancel lease after 10-31-2001 with a very substantial penalty. Lessee has 3 options to renew the lease at the same rent.

Size of Building:     345,972 sq. ft.

Size of Lot:     Inquire acres

Financing Obligations: None

Additional Comments: Included attached parking garage. Excellent location. NationsBank of Georgia , N.A. has Net worth of One Billion Sixty Million Dollars, Net Income of One Hundred Eighty Million Dollars. The building is an attractive ten story general purpose office building with each floor containing 31,452 square feet. Construction is steel, reinforced concrete, and glass. Constructed in 1970. An attached 7 level parking garage contains 500 parking spaces. The building and parking garage are in excellent condition. The building has 6 elevators. Lessor is responsible for the maintenance of exterior and roof. Lessor is responsible for taxes up to $282,478 per annum. Lessor must maintain fire and extended coverage insurance. Management and all other costs associated with the property are the responsibility of the Lessee. Rent: $1,883,977. Taxes: $282,478. Insurance: $22,000. Reserves: $35,161. Current owner has contracted to completely refurbish the roof and install a new exterior aggregate coating. Actual income is to be calculated using a formula in the lease. Details available directly to qualified buyers.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above Single Tenant Net Sale-Leaseback Property and not yet under previous agreement, please request our agreement.

Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it. This Single Tenant Net Sale-Leaseback Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.