DEALS

Deals

Suntrust – Atlanta MSA (Alpharetta, GA)

THE OPPORTUNITY

The NN single tenant Suntrust is located on a Publix anchored shopping center outparcel in Alpharetta, GA.  Alpharetta is one of the Atlanta MSA’s fastest growing submarkets with 51% population growth within a 1-mile radius of the location over the past 10 years, and most affluent submarkets with average household incomes of $231,395 within a 1-mile radius of the Suntrust location.

Suntrust has occupied the location since 2007 and has recently renewed through 2030.  In 2019 Suntrust merged with BB&T to create the 6th largest US bank holding company serving over 10,000,000 households.

THE DEAL POINTS
  • Square Feet: 4,025 
  • NOI: $175,661
  • Asking Price:  $3,190,000
  • Cap Rate:  5.51%

THE HIGHLIGHTS

  • NN Lease
  • Landlord Responsible for roof and structure
  • SunTrust Banks, INC (NYSE:STI) has a revenue of $9 billion
  • SunTrust corporate guarantee
  • S&P rate A- investment grade credit
  • SunTrust is merging with BB&T to create Truist. Truist will be the sixth largest US bank holding company, serving more than 10 million households in the US, with a leading presence in many of the most attractive, high-growth markets in the country

Suntrust Virtual Deal Room