SunTrust Bank 12396 West Sunrise Boulevard, Plantation, FL Cap Rate 6.95% Plantation Bay (Ellenton, Florida, US ) Built

$10,400,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,363 sq. ft.
  • Development Level: Built
  • Lot Size: 1 acres

Description

SunTrust Bank 12396 West Sunrise Boulevard, Plantation, FL Cap Rate 6.95%

Cap Rate: 6.95%
NOI: $722,118
Building Size: 3,363 sqft
Lot Area: 1 acres
Lease Type: Absolute Net
Tenancy: Single
Parking Spots: 22
Lease Expire Year: 2025

DESCRIPTION
The subject property is prominently situated with excellent access and visibility at the signalized intersection of the West Sunrise Boulevard retail corridor (40,500 AADT) and North Flamingo Road (36,000 AADT), approximately 2 miles from the Sawgrass Expressway arterial (120,500 AADT).​ The site benefits from robust demographics with a population of 240,753 within a 5 mile radius of the site.​ Average household income within 1 mile of the property exceeds $122,300, with nearly 50% of households earning upward of $100,000 annually.​ As of June 30, 2020, this branch location holds approximately $47.7 million in deposits.​
The property benefits from a prominent retail location in close proximity to numerous shopping centers and retail tenants, and is located outparcel to Plantation Crossing Shopping Center, anchored by ALDI.​ Other major retail centers neighboring the site include Best Buy Plaza, featuring Best Buy and The Fresh Market; PetSmart Plaza, anchored by PetSmart; Sawgrass Square, with tenants including Publix, Homegoods, Office Depot, and Ross; Sawgrass Mills Mall, anchored by Target, Bed Bath & Beyond, and Regal Cinema; Gateway at Sawgrass, anchored by Ikea; and Shenandoah Square, anchored by Publix and Walgreens.​ Other major retail tenants in the surrounding area include Walmart, Walmart Neighborhood Market, CVS, Home Depot, Rooms To Go, and more.​

The property also neighbors Sawgrass Technology park, with major tenants including Hormel Foods, International Bullion and Metal, HBO Latin America, American Express Company, CoreLogic, Ford, Nutranext, Mednax, Pet Supermarket, New York Life, FIS, Synecron, and more.​ In addition, the site is located approximately 2 miles from the BB&T Center arena, which is home to the Florida Panthers hockey team and hosts more than 200 events annually, drawing approximately 2 million visitors each year.

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

HIGHLIGHTS
• Absolute NNN Lease to SunTrust Bank - Rare Annual 3% Rental Escalations
• Investment Grade Tenant Rated A1 by Moody’s & A- by Standard & Poor’s
• Highly Functional Footprint with 3 Drive-Thru ATM Components
• Prominent Retail Location Outparcel to ALDI-Anchored Center and Neighboring Sawgrass Mills Mall - Among Busiest Outlet Malls in U.S.
• Approximately 7 Minutes’ Drive from BB&T Center Arena - Hosts 200+ Events Annually, Drawing More than 2 Million Visitors a Year
• Average Household Income of $122,301 within 1 Mile of Site

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.