500 Glynn Isle Brunswick, GA 31525
- Commercial real estate
- 0.89 lot acres
Current Use by Public Records
- Hog-N-Bones / Restaurant
Property Details for 500 Glynn Isle
- Year built
- 2007
- Lot size
- 0.89 lot acres
- Zone code
- HC
- Property type
- Commercial real estate
- APN
- 01-07535
- APU
- 107535
Description
This exceptional investment opportunity presents a brand-new, 3,276 square foot Wells Fargo Bank located in Brunswick, Georgia. The property boasts a 15-year net lease (NNN) with a commencement date of January 1, 2025, and an expiration date of December 31, 2039, providing a remaining lease term of 15.1 years. The lease includes 10% rent increases every five years, minimizing landlord responsibilities and offering inflation-resistant cash flow. The building, situated on a 0.89-acre lot, features a drive-up ATM and is strategically positioned as an outparcel to the Glynn Isles Shopping Center, anchored by Target and Lowe's Home Improvement, on Altama Avenue, experiencing over 21,300 vehicles per day. Its proximity to Glynn Place Mall (a 502,000 square foot regional mall) and other major retailers like Walmart, The Home Depot, and Publix further enhances its value. The property's Net Operating Income (NOI) is $115,000, resulting in a 4.31% cap rate. The asking price is $2,670,000. This is a rare opportunity to acquire a new, top-tier bank property with a strong tenant and significant long-term growth potential. The property is a single-tenant, 100% occupied retail space.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brunswick
- County
- Glynn
- State
- Georgia
- Longitude
- -81.4824
- Latitude
- 31.2047
- CBSA code
- 15260
- CBSA name
- BRUNSWICK, GA METROPOLITAN STATISTICAL AREA
