SunTrust bank 2123 U.S. 19, Holiday, FL Cap Rate 6.6% Holiday Heights (Bayshore Gardens, Florida, US ) Built

$7,294,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 7,510 sq. ft.
  • Development Level: Built
  • Lot Size: 3.503 acres

Description

SunTrust bank 2123 U.S. 19, Holiday, FL Cap Rate 6.6%

Cap Rate: 6.6%
NOI: $481,412
Building Size: 7,510 sqft
Lot Area: 3.503 acres
Occupancy: 100%
Lease Type: Absolute Net
Tenancy: Single
Parking Spots: 54

Price: $7,294,000 USD

DESCRIPTION
The subject property is prominently situated with excellent access and visibility along the US Highway 19 retail corridor (58,500 AADT). The site benefits from robust demographics with a population of 138,776 and average household income of $66,531 within a 5 mile radius. As of June 30, 2019, this branch held approximately $80.91 million in deposits, the 5th largest SunTrust Branch by deposits county-wide.

The property benefits from a prominent retail location in close proximity to numerous shopping centers and retail tenants. Major retail centers neighboring the site include Holiday Centre, featuring Publix and Planet Fitness; Pappas Plaza, anchored by Save-A-Lot; Anclote Corner, anchored by Dollar General; Sunray Center, featuring ALDI and Dollar General; Holiday Mall, with tenants including Winn-Dixie and Family Dollar; and more. Other major retail tenants in the surrounding area include Sam’s Club, Walgreens, CVS, Wawa, Home Depot, and more.

This property is listed in conjunction with Florida-licensed real estate broker Robert Long.

HIGHLIGHTS
• Absolute NNN Lease to SunTrust Bank with Rare Annual 3% Rental Escalations
• Investment Grade Tenant Rated A1 by Moody’s - $80.91 Million in Deposits
• SunTrust Merged with BB&T into Truist Financial (NYSE: TFC)- 6th-Largest Commercial Bank in U.S with 22% of Florida Deposit Market Share
• Highly Functional Footprint with 4 Drive-Thru ATM Components
• Excellent Access and Visibility along US Highway 19 Retail Corridor - AADT of 58,500
• Approximately 30 Miles from Tampa and 35 Miles from Saint Petersburg

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.