286 Hancock St Madison, GA 30650
- Banks
- 7,830 SF
- 0.77 lot acres
Current Use by Public Records
- Freedom Law LLC / Attorney / Bankruptcy Attorney
- Morris Law, LLC / Law Firm
- SunTrust Mortgage / Mortgage Lender
- FedEx Drop Box / Mailing Service
- SunTrust ATM / Atm
Property Details for 286 Hancock St
- Year built
- 1930
- Lot size
- 0.77 lot acres
- Property size
- 7,830 SF
- Zone code
- C1 / P2
- Property type
- Banks
- APN
- M18 030
- APU
- M18030
Description
This exceptional investment opportunity presents a single-tenant, 7,830 square foot Truist Bank building located at 286 Hancock St, Madison, GA 30650. The property boasts a strong 6.25% cap rate, generating a net operating income (NOI) of $137,117 annually. The absolute NNN lease with Truist, a credit-rated tenant, features a remaining term of approximately 5.1 years, with one 3-year option and five 5-year options remaining, providing significant long-term stability. Built in 1970, this Class B property sits on a 0.77-acre lot zoned Downtown Commercial (C-1) and includes 29 parking spaces. The lease commenced December 10, 2007, and is set to expire December 31, 2029. Annual rent bumps of 1.5% ensure consistent income growth. The property has a 100% occupancy rate since its opening date, December 10, 2007. This is a rare opportunity to acquire a well-performing, net-leased asset with a highly reputable tenant and substantial remaining lease term in a desirable location. The property's strong operating history and favorable lease terms make it an attractive investment for discerning buyers seeking secure, passive income.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Morgan
- State
- Georgia
- Longitude
- -83.4667
- Latitude
- 33.5949
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
