INVESTMENT OFFERING
SAB Capital is pleased to present United Community Bank in Raleigh, North Carolina, one of the fastest-growing cities in the United States. The tenant is currently under an absolute triple net lease (NNN) that requires zero landlord responsibilities and is guaranteed by United Community Banks, Inc., and S&P BBB+ rated company. The site is highly visible from Fayetteville Highway (NC-401) which sees over 41,000 vehicles per day. It is within an extremely dense trade area with nearly two million square feet of retail space within one mile of the subject, located immediately near three major shopping centers anchored by Big Lots, Lowe’s and Belk.
- United Community Bank in Raleigh, NC | Second-Most Populous City in North Carolina
- Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
- Strong Corporate Guaranty From United Community Banks, Inc. | S&P: BBB+
- Attractive Market Demographics | 5-Mile Population: 162,000+ (17.8% Increase Since 2010) | 1-Mile AHI: $80,000+
- Highly Visible From Fayetteville Highway (NC-401) | 41,000+ Vehicles Per Day (VPD)
- Located Nearby Three Major Shopping Centers | Anchors Include Big Lots, Lowe’s, and Belk
- Extremely Dense Trade Area | Over 1.8 Million Square Feet of Existing Retail Space Within 1 Mile
- National Retailers Nearby the Subject: Zaxby’s, Subway, Starbucks, McDonald’s, Jiffy Lube, Tropical Smoothie Café, Denny’s, AutoZone, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
United Community Bank | $2,000,000 | % | Closed |