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Views: 102 DOM: 249 Updated: 09.24.24 Posted: 03.17.24 Status: Active

Summary

Price $5,421,053
Built/Renov 1995/2023
Tenant TD Bank
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,341
Lease Start 02-16-2024
#Units 1,060
Price/SF $1,248.80
Expiration 06-16-2034
Tenant Type Bank/Financial
NOI $257,500
R. Term 9.6
Ownership Fee Simple
Rent/SF $59.32
Increases 3.0%/1/yrs
Pop 5Mi 84,281
Lot/AC 1.11
Options 4/5yrs/3%
AHHI 5Mi $83,093

Lease Highlights

  • TD Bank recently executed a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

TD Bank is strategically located on Palm Coast Parkway SW, with access to 10,500 vehicles passing by daily. Positioned as an outparcel to Palm Coast Corners, home to Bealls & Winn-Dixie, it also fronts Palm Coast PKWY NW, witnessing 8,750 VPD. Additionally, the location boasts close proximity to a 24-Hour Walmart Supercenter and Home Depot. Noteworthy national retailers nearby include Lowe’s,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: TD Bank
  • Guarantor:Corp T and Rated
  • Company:TD Bank Group
  • # Units:1,060
  • Tenant S&P: AA-
  • Moody’s: Aa2
  • Stock: NYSE: TD

About Tenant

TD Bank, N.A., is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America.  It operates primarily across...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,741 56,323 91,011
2023 Total Population : 6,465 54,236 86,604
2023 Employed Civilian Pop : 2,768 22,354 34,976
2023 Total Businesses : 594 1,830 2,358
2023 Average Household Income : $ 76,965 $ 92,286 $ 97,936
2023 Total Consumer Spending : $ 177 M $ 1797 M $ 3017 M
2023 Median Age : 51 52 51
2023 Total Households : 2,647 22,481 35,582
2023 Pop Age 25+: Bachelor's Degree : 1,043 7,589 12,942
2023 Average Home Value : $ 290,058 $ 332,382 $ 351,980
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Palm Coast Parkway West Pine Cone Dr 2022 8,750 0.10 mi
Palm Coast Parkway West Pine Cone Dr 2021 7,750 0.10 mi
Palm Coast Pkwy Pine Cone Dr 2008 17,335 0.16 mi
Palm Coast Parkway West Boulder Rock Dr 2022 44,500 0.19 mi
Cypress Point Pkwy Pine Cone Dr 2008 19,705 0.21 mi
Cypress Point Parkway Cypress Branch W 2022 17,100 0.25 mi
Cypress Point Parkway Cypress Branch Way 2020 16,700 0.25 mi
Boulder Rock Dr Boston Ln 2008 13,533 0.27 mi
Kings Colony Ct S 2022 4,700 0.46 mi
Palm Coast Parkway West Belle Terre Pkwy 2022 17,500 0.47 mi

Listing Broker

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