18499 Miramar Pky - Bank FOR SALE


Miramar, FL 33029
$2,925,000 USD
954-245-3492
18499 Miramar Pky, Miramar, FL for Sale
$2,925,000 USD
Bank - FOR SALE
1/11
null | 5.01% Cap Rate

18499 Miramar Pky
Miramar, FL 33029


HIGHLIGHTS

  • Investment-Grade Tenancy — Wells Fargo Bank, N.A.
  • Rare Asset in a Supply-Constrained Market
  • Growing Rent — Strength Late in the Lease Term
  • South Florida Net Lease Market Tailwinds
  • Sunset Lakes — Premier Suburban Miramar Location
  • $193,916 Average Income within 1-Mile (Experian)

OVERVIEW

**Please Contact Aaron O'Connor - Lead Agent** This offering presents an exceptional opportunity to acquire a single-tenant, net-leased Wells Fargo Bank branch at Sunset Lakes in Miramar, Florida — one of Broward County’s most affluent and supply-constrained suburban communities. The asset features a well-documented and increasing deposit schedule over the life of the lease, with the most recent annual escalation delivering meaningfully positive rent growth. With approximately five years of term remaining, this investment represents a rare chance to acquire a performing, investment-grade bank branch in a South Florida market where such assets seldom trade. High-credit bank branches in suburban South Florida are among the scarcest net-lease assets in the national market. Negative net branch openings industry-wide and Wells Fargo’s own strategic consolidation have meaningfully reduced the supply of tradeable bank investments in the region. Investors seeking durable, passive income backed by one of the largest financial institutions in the world will find this offering to be a compelling and timely acquisition.

FOR SALE DETAILS

PRICE

$2,925,000 USD

PRICE/SF

$771 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Improvement - Low Rent NNN Wells Fargo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,045 SF

ZONING

B-2, Miarmar

APN/PARCEL ID

51-39-25-03-0151

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.