201 Isabella St Sylvester, GA 31791
- Commercial real estate
- 7,400 SF
- 0.40 lot acres
Current Use by Public Records
- FedEx Drop Box / Mailing Service
- Truist / Insurance Agency / Investment Bank
Property Details for 201 Isabella St
- Year built
- 1962
- Construction
- STEEL FRAME
- Lot size
- 0.40 lot acres
- Property size
- 7,400 SF
- Property type
- Commercial real estate
- APN
- SV070-215-000
- APU
- SV070215000
Description
This exceptional investment opportunity features a 9,669 square foot Truist Bank building located at 201 N Isabella St, Sylvester, GA 31791. The property boasts a strong, absolute NNN lease with a national credit tenant, Truist, offering significant financial stability. The lease commenced December 10, 2007, and currently has approximately 5.1 years remaining, with one 3-year option and five 5-year options. The annual rent bumps are 1.5%, ensuring consistent income growth. The property, built in 1962 and renovated in 1997, sits on a 0.8-acre lot and includes 31 parking spaces. The building is classified as Class B and is zoned for Neighborhood Business District (C-1). The asking price is $1,386,426, representing a price per square foot of $143.39 and a 6.27% cap rate based on a current NOI of $86,986. This single-tenant, single-story building offers a secure, passive income stream with a long-term lease and a proven track record. The property's central location in downtown Sylvester, surrounded by other businesses, further enhances its value and potential for future appreciation. This is an ideal 1031 exchange opportunity.
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
- Sylvester
- County
- Worth
- State
- Georgia
- Longitude
- -83.8379
- Latitude
- 31.5281
- CBSA code
- 10500
- CBSA name
- ALBANY, GA METROPOLITAN STATISTICAL AREA
