BANK OF AMERICA (DARK)

120 NORTH MAIN STREET | MARION, NC

HIGHLIGHTS

• NNN, No Landlord Obligation with a Corporate Guarantee
• Hard Corner with Traffic Light on the main road
• Multiple Drive-Thru Lanes
• Corporate Guaranteed Lease | Tenant has Gone Dark but has ~ 4 Years Remaining on their Lease & is Paying Rent Till the End of the Term
• End of dense retail Corridor and long-standing family-owned restaurants
• Traffic Count Of 16,784 VPD

PROPERTY INFO

Property Type: Net-Leased

Status: For Sale

Building Size(GLA): 7,080 SF

Lot Size: 70,132 SF

iNVESTMENT PRICING

Price: $1,900,000

Cap Rate: 6.31%

Price/SF: $268.36

financial DETAILS

Lease Type: Absolute-Net

Lease Term Remaining:
3.5 Yrs

Rent Increases:
FMR<10% (1st Opt);
FMR<5% (Subsequent Opts)

Options to Extend:
30 Years; 5-10 Yrs Each

Guarantor: Corporate

contact

Jennifer D. Stein

Broker of Record
JDS Real Estate Services, Inc.
Lic. No. CA 01507135
+213 446 5366
Jstein@jdsreservices.com

Brenton Baskin
Managing Partner
License No. 01808681
+1 949 942 1301
brenton@vantiscap.com

STAY IN 
TOUCH

VANTIS CAPITAL ADVISORS

2 Park Plaza | Suite 300 | Irvine, CA 

949.942.1300

LOS ANGELES OFFICE COMING SOON

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