Sold Subscription Required
| Price $4,023,467 | Built/Renov 1974/2022 | Tenant Truist Bank |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,904
| Lease Start
07-25-2007
| #Units
2,123
|
| Price/SF $681.48 | Expiration
07-31-2027
| Tenant Type Bank/Financial |
| NOI $271,584 | R. Term 2.8 | Ownership Fee Simple |
| Rent/SF
$46.00
| Increases 10.0%/3/yrs | Pop 5Mi 203,365 |
| Lot/AC 1.45 | Options 2/5yrs/10% | AHHI 5Mi $95,413 |
| | |
Truist is strategically located on E. State Road 434, with access to a daily traffic count of 21,000 vehicles. The property is conveniently positioned near the signalized intersection with S US HWY 1792, where traffic reaches 55,000 vehicles daily. This location is surrounded by several prominent Colleges and Universities, including Freedom State University, Seminole State College, Troy...
...Oversized lot
In location for years
Near major nationals
Top 100 MSA
Strong demographics
Income tax free state
Recently extended lease
Absolute NNN
Traded and rated company
Investment grade tenant
Truist Financial Corporation (NYSE: TFC) is an American bank holding company and a top 10 U.S. commercial bank by assets, as of August 2023. The company’s bank branches offer a wide range of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,786 | 73,364 | 209,518 |
| 2023 Total Population : | 10,248 | 72,287 | 207,920 |
| 2023 Employed Civilian Pop : | 5,686 | 40,404 | 117,734 |
| 2023 Total Businesses : | 948 | 4,271 | 11,552 |
| 2023 Average Household Income : | $ 72,275 | $ 92,172 | $ 100,580 |
| 2023 Total Consumer Spending : | $ 269 M | $ 2245 M | $ 7380 M |
| 2023 Median Age : | 41 | 42 | 42 |
| 2023 Total Households : | 4,278 | 28,174 | 85,078 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,520 | 13,843 | 43,958 |
| 2023 Average Home Value : | $ 310,508 | $ 327,031 | $ 379,272 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| FL 434 | S Grant St | 2021 | 25,500 | 0.19 mi |
| Oxford St | 2022 | 21,000 | 0.19 mi | |
| E State Rd 434 | East St | 2009 | 30,000 | 0.31 mi |
| East Church Avenue | N Grant St | 2022 | 2,700 | 0.36 mi |
| E State Rd 434 | S Grant St | 2012 | 29,000 | 0.36 mi |
| US Hwy 17 | E Church Ave | 2009 | 36,500 | 0.40 mi |
| S Hwy 17/92 | E Wildmere Ave | 2012 | 48,500 | 0.53 mi |
| Orington Payne P | 2022 | 30,000 | 0.62 mi | |
| US 17;US 92 | Laura St | 2021 | 55,500 | 0.65 mi |
| State Rd 434 W | Sunshadow Dr | 2010 | 34,500 | 0.66 mi |
Hicksville, NY
Cap Rate 7.00%
Lease Abs NNN
R. Term 3.20 yrs
Size/SF 3,536
Louisville, KY
Cap Rate 6.00%
Lease Abs NNN
R. Term 11.11 yrs
Size/SF 3,176
Arlington Heights, IL
Cap Rate 5.75%
Lease Abs NNN
R. Term 9.60 yrs
Size/SF 4,177
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
