ATTRACTIVE LEASE FUNDAMENTALS
- 12% rent increase every 5 years and during option periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- four (4) - Five (5) year option periods
INVESTMENT GRADE TENANT
- Corporate Guaranty from Investment Grade Tenant - PNC Financial Services Group Inc has a Market Cap of $77.3B (NASDAQ: PNC) with over 2,600 locations across the country
- S&P rating of A
LOCATED IN HIGH GROWTH RETAIL NODE
- Over 1.4M SF of Retail Space located in a 1-mile radius, boasting a vacancy rate of under 6%
- Nearby National Retail Tenants include: Publix Supermarket, Michaels, Pet Supermarket, Total Wine, and more
- Nearby shopping centers include: The Royal University Plaza, University Palms Square, Coral Palm Plaza, The Walk at University, and more
POSITIONED IN CENTRAL BUSINESS DISTRICT
- This site is located in the Central Business District of Coral Springs, FL which has seen an influx of recent development
- This area includes: “The Walk” - a shopping and entertainment center with all types of retail
- “Cornerstone Downtown” - a mixed use Office Space, Residential Space, retail space
- “City Village” - plans for a grocer, restaurants, entertainment, and other retail
STRONG DEMOGRAPHICS
- Within a 5-mile radius of the site are more than 365K people and over 54K households
- The AHHI within a 3-mile radius of the PNC Bank is over $114k providing a dense customer base for the bank branch
LARGE DEPOSIT BRANCH - FILLING A VOID
- This Location has over $77M dollars in deposits showing the local demand
- This PNC Bank is the only location in Coral Springs, FL which fills a void for the PNC company