TRUIST BANK

INVESTMENT HIGHLIGHTS

• Corporate Guarantee – The lease is corporately guaranteed by Truist Financial Corporation, the 9th largest bank in the US after the merger between BB&T and SunTrust banks.
• Truist Financial Corporation (NYSE: TFC) boasts an A- credit rating (S&P) with over 2,700 locations nationwide and over $555 billion in assets.
• Absolute NNN Lease – Tenant is responsible for the direct payment of all taxes, insurance, and common area maintenance associated with the property, providing an absolute passive form of income.
• Strong Performance – From June 2022 to June 2023, this location posted deposits of over $211 MM, which is far above the national average. This location currently ranks in the top 5 of branches within Guilford and Randolph Counties, which encompasses the Piedmont-Triad area.
• Recent Consolidation – Recently, Truist corporate consolidated their other branch in Asheboro, NC directly across the street, making this site their only location in the area.
• Recent 5-Year Extension – Truist recently exercised their last 5-yr option, giving a potential investor the option to increase rents at the end of this 5-yr term. Truist, formerly BB&T at this location, has been at this location since 1989, and has continued to renew their lease, showing major commitment to this location in addition to the recent consolidation of the other Truist location in the area.
• Retail Synergy – The site is located on the main retail artery and thoroughfare in Asheboro, NC. Truist joins CVS, Walgreens, Pinnacle, ABC, Dollar Tree, Dollar General, and a variety of businesses and restaurants located in downtown Asheboro.
• Proximity to Randolph County Hospital – The site is located less than half a mile from Randolph County Hospital and well positioned along Asheboro’s “Medical Row”.
• Exceptional Growth – Annual population growth in Asheboro, NC exceeds 1% YOY, and the city is located just over a mile south of Interstate 74 (Over 41,000 PVD).