SunTrust Bank NNN Investment Opportunity 1502 SE US Hwy 19, Crystal River, FL Cap Rate 6.25% Crystal River ( Florida, US ) Built

$3,794,000 USD
Dollars

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  • Type: Commercial
  • Style: Commercial
  • Size: 9,150 sq. ft.
  • Development Level: Built
  • Lot Size: 1.1 acres
  • Year Built: 1983

Description

SunTrust Bank NNN Investment Opportunity 1502 SE US Hwy 19, Crystal River, FL Cap Rate 6.25%

Cap Rate: 6.25%
Building Size: 9,150 sqft
Lot Area: 1.1 acres
Lease Type: Absolute Net
Year Built: 1983

Price: 3,794,000 USD

DESCRIPTION
This offering is for an NNN sale of a 9,150 SF building located on 1.1 acres of land in Crystal River, FL. The lease has fixed rent increases of 1.5% annually and renewal options providing investors with a hedge against inflation, an asset that can be depreciated, and a longstanding tenant with a national brand. The lease is structured with market rents and a passive involvement.

The subject 1.1 acre site with 9,150 SF building was completed in 1983. The grade-level project offers good visibility and access along US Hwy 19, a major north-south artery with over 30,500 vehicles per day.

TENANT OVERVIEW
SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an over 1,400 branch locations and over 2,160 ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2018, SunTrust had total assets of $205 billion and total deposits of $162 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust is BBB+ rated and is ranked #303 on the Fortune 500 list.

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.

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