2675 W Sr 434 - Bank FOR SALE
Longwood, FL 32779 |
$3,667,000 USD
561-427-6699
2675 W Sr 434
Longwood, FL 32779
HIGHLIGHTS
- Rare 20-year initial term with an average CAP of 5.22%
- PNC Bank, NA is rated A- by S&P and operates +/- 2,200 branches across 27 states
- 1.52 AC signalized corner with over 53,000 VPD located between two Publix anchored shopping centers less than 1 mile apart
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
- Fixed 10% increases provide hedge against inflation and an average return of 5.22% over the base term of the lease
- Fee simple ownership allows for depreciation of the building boosting after tax returns
FOR SALE DETAILS
PRICE
$3,667,000 USD
PRICE/SF
$1,113 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PNC Bank | 20-YR Fee Simple Abs Net
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Bank, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
OP
APN/PARCEL ID
04-21-29-300-003F-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
561-427-6699
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
561-427-6699
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
