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    204 Center St Mebane, NC 27302

    Sponsored
    For Sale
    $2,087,000

    7% Cap Rate, NNN Lease, Strong Tenant

    Property size:
    5,483 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a 5,483 square foot Truist Bank branch located at 204 W Center St, Mebane, NC 27302. The property sits on a 1.02-acre lot and boasts an absolute triple net (NNN) lease with a credit-rated tenant, eliminating landlord responsibilities. The current lease, commencing December 10, 2007, and expiring December 31, 2027, has a remaining term of approximately 3.1 years, followed by six five-year renewal options. The property features a 7.00% cap rate and a net operating income (NOI) of $146,115. Built in 1961 and renovated in 2008, this bank enjoys excellent visibility on Center Street, Mebane's main retail thoroughfare. The lease includes a desirable 1.5% annual rent increase, providing a hedge against inflation. Truist Bank, a top 10 US bank with an A credit rating, has occupied this location for over 17 years, demonstrating a long-term commitment to the community. This offering provides passive income, strong tenant credit, and significant depreciation benefits due to fee simple ownership. The property's location in a growing North Carolina market further enhances its investment appeal. The asking price is $2,087,000.

    Property Features for 204 Center St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,483 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built/Renovated
    1961/2008

    HighLights

    • Investment‑grade credit tenant: Truist Bank (A‑rated, stable outlook).
    • Long‑term tenant: Truist has occupied this branch for over 17 years.
    • Absolute net lease: Passive ownership with no landlord responsibilities.
    • Built‑in rent growth: 1.5% annual rent increases provide inflation hedge.
    • Tax advantages: Fee simple ownership allows for depreciation benefits.
    • High visibility location: Excellent access and visibility on Center St., Mebane's main retail thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truist Mortgage Bank ATM (Suntrust Bank) Atm Truist Bank Truist - ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.270284549356
    Latitude
    36.096991786544

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    FAQs

    What type of property is this?
    Individual retail property - 7% Cap Rate, NNN Lease, Strong Tenant
    Where is this individual retail property located?
    The property is located at 204 Center St Mebane, NC.
    What is the asking price?
    The asking price for this property is $2,087,000.
    What are key features of this property?
    This property features: Investment-grade credit tenant: Truist Bank (A-rated, stable outlook).; Long-term tenant: Truist has occupied this branch for over 17 years.; Absolute net lease: Passive ownership with no landlord responsibilities.
    Request Owner's contact information
    204 Center St Mebane, NC 27302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Center St Mebane, NC 27302
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