8660 Corkscrew Rd - Bank FOR SALE


Estero, FL 33928
$3,187,360 USD
773-727-4285
8660 Corkscrew Rd, Estero, FL for Sale
$3,187,360 USD
Bank - FOR SALE
1/1
null | 5.5% Cap Rate

8660 Corkscrew Rd
Estero, FL 33928


HIGHLIGHTS

  • Investment-Grade Credit Tenant Backed by Global Financial Powerhouse
  • Absolute NNN Lease with Rental Increases & Depreciation Benefits
  • Growing Deposit Base
  • Outlot to Corkscrew Village Shopping Center with Outstanding Visibility
  • Proximity to Coconut Point Shopping Mall & Major Golf Clubs
  • Dense, Affluent Demographics

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,187,360 USD

PRICE/SF

$880 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CC

APN/PARCEL ID

33-46-25-E2-U1923.2363

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

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