Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Loan Service Bank
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Postal Service Courier Service
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 / P2 · Madison, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 / P2 in Madison, GA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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- Alternative use
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