EXCLUSIVESunTrust (Ground LISTING Lease) | Purcellville, VA Offering Memorandum SunTrust (Ground Lease) | Purcellville, VA Actual Site ANDREW FALLON EXECUTIVE MANAGING DIRECTOR (703) 787-4733
[email protected] CALKAIN.COMCALKAIN.COM 1 SunTrust (Ground Lease) | Purcellville, VA Offering Memorandum Rent Schedule Financial Summary Term Increases Annual Rent Monthly Rent 2/15/2012 - 2/28/2017 - $350,000.00 $29,166.67 160 Purcellville Gateway Dr | Purcellville, VA 3/1/2017 - 2/28/2022 10% $385,000.00 $32,083.33 Asking Price $7,475,000 | Cap Rate 5.15% 3/1/2022 - 2/28/2027 10% $423,500.00 $35,291.67 3/1/2027 - 2/28/2032 10% $465,850.00 $38,820.83 Net Operating Income (NOI) $385,000 3/1/2032 - 2/28/2037 10% $512,435.00 $42,702.92 (Option 1) Rent/Month $32,083.33 3/1/2037 - 2/28/2042 10% $563,678.50 $46,973.21 Rentable Square Feet 3,826+/- SF (Option 2) 3/1/2042 - 2/28/2047 10% $620,046.35 $51,670.53 Land Area 0.51+/- Acres (Option 3) 3/1/2047 - 2/28/2052 Tenant Name SunTrust Bank 10% $682,050.99 $56,837.58 (Option 4) Credit Rating S&P: BBB+ Stock Symbol NYSE: STI Investment Highlights Guarantor Corporate • 14 year bank ground lease Ownership Type Ground Lease • Investment grade credit (S&P: BBB+) Lease Type NNN • New construction, opened December 2017 • 10% rent increases every 5 years & throughout option periods Landlord Responsibilities None • Part of the Harris Teeter anchored Purcellville Gateway Shopping Center Year Built 2017 with other national retail tenants including Chick-fil-A, Starbucks & MOD Pizza Lease Term Remaining 14 Years