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| Price $3,225,000 $3,295,000 | Built/Renov 2007 | Tenant Fifth Third Bank (GL) |
| Cap Rate 4.09% 4.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,500
| Lease Start
01-14-2006
| #Units
1,087
|
| Price/SF $921.43 $941.43 | Expiration
01-31-2036
| Tenant Type Bank/Financial |
| NOI $131,788 | R. Term 10.10 | Ownership Ground Lease |
| Rent/SF
$37.65
| Increases 3.0%/1/yrs | Pop 5Mi 149,677 |
| Lot/AC 1.07 | Options 4/5yrs/3% | AHHI 5Mi $72,122 |
| | |
Fifth Third Bank is located at the signalized, hard corner intersection of Cortez Road W., and 66th Street W., with over 32,500 vehicles passing by daily. The site features excellent visibility and access from Cortez Road with a clear monument sign. The asset is well positioned along a prominent retail thoroughfare with nearby national/credit tenants including a 24-hour Walmart Supercenter,...
...Signalized intersection
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Investment grade tenant
Fifth Third Bank is a subsidiary of Fifth Third Bancorp, a diversified financial services company. As of December 31, 2022, Fifth Third had $207 billion in assets and operates 1,087 full-service...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 11,179 | 69,825 | 154,408 |
| 2022 Total Population : | 10,839 | 67,958 | 150,511 |
| 2022 Employed Civilian Pop : | 5,049 | 30,128 | 62,869 |
| 2022 Total Businesses : | 361 | 2,532 | 6,169 |
| 2022 Average Household Income : | $ 74,715 | $ 81,006 | $ 81,514 |
| 2022 Total Consumer Spending : | $ 340 M | $ 2187 M | $ 4677 M |
| 2022 Median Age : | 45 | 52 | 50 |
| 2022 Total Households : | 5,273 | 31,258 | 66,280 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,350 | 8,842 | 17,295 |
| 2022 Average Home Value : | $ 275,656 | $ 308,635 | $ 294,727 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Cortez Road West | Cortez Rd W | 2020 | 27,000 | 0.53 mi |
| Cortez Rd | 76th St W | 2001 | 27,000 | 0.73 mi |
| Cortez Rd W | Cortez Rd | 2005 | 32,500 | 0.80 mi |
| 75th Street West | 46th Ave W | 2020 | 14,600 | 0.83 mi |
| 51st Street West | 50th Ct W | 2020 | 8,000 | 1.02 mi |
| 53rd Avenue West | 65th St W | 2020 | 2,100 | 1.05 mi |
| 59th Street West | Pointe West Blvd | 2020 | 13,800 | 1.17 mi |
| 75th Street West | 24th Ave W | 2020 | 19,000 | 1.29 mi |
| 51st Street West | 23rd Ave W | 2020 | 11,000 | 1.41 mi |
| 36th Avenue West | 40th St W | 2020 | 1,300 | 1.59 mi |
Gilbert, AZ
Cap Rate 5.00%
Lease Abs NNN
R. Term 9.50 yrs
Size/SF 4,500
Charleston, SC
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 1,900
Louisville, KY
Cap Rate 4.75%
Lease NN+
R. Term 15.10 yrs
Size/SF 4,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
