2561 N University Dr - Bank FOR SALE


Coral Springs, FL 33065- Outer Coral Springs
$5,267,000 USD
980-498-3293
2561 N University Dr, Coral Springs, FL for Sale
$5,267,000 USD
Bank - FOR SALE
1/5
null | 6% Cap Rate

2561 N University Dr
Coral Springs, FL 33065
Outer Coral Springs


HIGHLIGHTS

  • POSITIONED IN CENTRAL BUSINESS DISTRICT
  • ATTRACTIVE LEASE FUNDAMENTALS
  • STRONG DEMOGRAPHICS

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,267,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,400 SF

ZONING

B-2

APN/PARCEL ID

48-41-21-02-1870

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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