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| Price $3,200,000 | Built/Renov 1978 | Tenant Truist Bank (Dark) |
| Cap Rate 11.70% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,030
| Lease Start
12-01-2005
| #Units
2,123
|
| Price/SF $1,056.11 | Expiration
11-30-2025
| Tenant Type Bank/Financial |
| NOI $374,535 | R. Term 0.11 | Ownership Fee Simple |
| Rent/SF
$123.61
| Increases 3.0%/1/yrs | Pop 5Mi 40,258 |
| Lot/AC 0.54 | Options 0/0yrs | AHHI 5Mi $71,688 |
| | |
This 3,030 SF Truist Bank is conveniently positioned at the hard corner, signalized intersection of Placida Road and Mississippi Avenue, which see a combined traffic count in excess of 15,800 vehicles per day. It is located eight minutes from Englewood Community Hospital, a 100-bed facility which serves thousands of people in the community. Nearby major nationals include Publix, Winn Dixie,...
...Signalized intersection
Hard corner intersection
In location for years
Dense retail corridor
Income tax free state
Absolute NNN
Annual rent increases
Traded and rated company
Corporate Guarantee
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 : | 2,927 | 19,362 | 41,974 |
| 2023 Total Population : | 2,904 | 19,219 | 41,297 |
| 2023 Employed Civilian Pop : | 763 | 6,066 | 13,024 |
| 2023 Total Businesses : | 159 | 1,037 | 1,796 |
| 2023 Average Household Income : | $ 85,134 | $ 80,601 | $ 80,010 |
| 2023 Total Consumer Spending : | $ 109 M | $ 695 M | $ 1456 M |
| 2023 Median Age : | 67 | 66 | 65 |
| 2023 Total Households : | 1,487 | 9,907 | 20,895 |
| 2023 Pop Age 25+: Bachelor's Degree : | 467 | 2,839 | 6,590 |
| 2023 Average Home Value : | $ 394,843 | $ 349,314 | $ 357,684 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Placida Road | Rose Ave | 2021 | 15,900 | 0.42 mi |
| San Casa Drive | Worth Ave | 2021 | 5,800 | 0.94 mi |
| South McCall Road | Drury Ln | 2021 | 31,000 | 1.25 mi |
| S McCall Rd | Manor Rd | 2005 | 32,500 | 1.51 mi |
| SR-776/ S MCCALL RD | Bensonhurst Ln | 2021 | 7,800 | 1.57 mi |
| S McCall Rd | Pine St | 2005 | 29,000 | 1.66 mi |
| N/A | Opal Dr | 2021 | 5,500 | 1.67 mi |
| Winchester Boulevard | Mineola Rd | 2019 | 5,200 | 1.70 mi |
| Winchester Boulevard | Opal Dr | 2019 | 7,100 | 1.70 mi |
| South McCall Road | Bob White Dr | 2021 | 34,000 | 1.78 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
