1005 E 7th St

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1005 E 7th St

Atlantic, IA 50022
Asking Price
$3.14M
Cap Rate
7.5%
Asset Type
Bank Retail
Class
Class B

What's Special

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | 32% Deposit Growth Over 2 Years | 7.50% <ul><li>​<span style="color: rgba(1, 21, 29, 1)">±16 years of primary lease term remaining</span></li><li>​<span style="color: rgba(1, 21, 29, 1)">Absolute NNN Lease with zero landlord responsibilities</span></li><li>​<span style="color: rgba(1, 21, 29, 1)">$14M in 2025 Bank Branch Deposits (32% CAGR Deposit Growth over 2 years)</span></li><li>​<span style="color: rgba(1, 21, 29, 1)">±$90M community revitalization plan: a 49-acre master-planned community with a Child Development Center and YMCA<

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NOI
$80,000
Cap Rate
2.55%
DSCR
0.43
Underwater
Cash-on-Cash
-11.30%
Monthly Payment
$15,535.007
Annual Cash Flow
$-106,420.081

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