204 Ctr St Mebane, NC 27302-2433

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.