Tucker, GA - Regions Bank

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade S&P:A-), corporate signed, drive-thru equipped, Regions Bank investment property located in Tucker, Georgia (Atlanta MSA). The tenant has over 4 years remaining on their current lease term with 2 (5-year) options to extend. The lease features 3% annual rental increases throughout the initial term, as well as into the option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. According to the FDIC, in 2021 this Regions Bank totaled $37,870,000 in deposits.

The Regions Bank is located along Lavista Road, a major retail thoroughfare serving the city of Tucker, totaling 20,100 vehicles passing by daily. The asset is complete with a drive-thru, providing ease and convenience for customers. The asset is less than a quarter mile south of Briarcliff Village, a 189,000 square foot shopping mall anchored by Publix and T.J. Maxx. In addition, Regions Bank is located nearby Tucker Meridian, a 207,000 square foot shopping center anchored by Sprouts Farmers Market and Dick’s Sporting Goods. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Target, Kroger, ALDI, LA Fitness, Dollar Tree, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile local trade area is supported by a population of over 306,600 with an average household income of $96,502.

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