Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a TD Bank property located at 8660 Corkscrew Road in Estero, Florida. TD Bank, N.A., an investment-grade tenant, operates under an absolute NNN lease with no landlord responsibilities and 10% rental increases every five years, providing passive income with the added tax advantages of depreciation available through fee simple ownership. The lease has approximately five years and ten months remaining, with three five-year renewal options featuring additional 10% increases at each extension.
The Property consists of a 3,622 square foot building with a full-service drive-thru situated on a 1.00-acre parcel. It is an outparcel to the 82,000+ square foot Publix anchored Corkscrew Village Shopping Center and enjoys excellent access and visibility at the signalized intersection of Corkscrew.