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| Price $4,769,000 | Built/Renov 1982/2019 | Tenant Truist Bank |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,465
| Lease Start
12-10-2007
| #Units
2,123
|
| Price/SF $872.64 | Expiration
12-31-2032
| Tenant Type Bank/Financial |
| NOI $238,449 | R. Term 8.1 | Ownership Fee Simple |
| Rent/SF
$43.63
| Increases 1.5%/1/yrs | Pop 5Mi 206,956 |
| Lot/AC 1.38 | Options 5/5yrs/1.5% | AHHI 5Mi $100,984 |
| | |
Truist Bank is strategically located at the signalized, hard corner intersection of Red Bug Lake Rd and Tuskawilla Road, with access to a substantial combined daily traffic count of 70,640 vehicles. The property is surrounded by well-known national tenants such as Burger King, Wells Fargo, CVS Pharmacy, Starbucks, Jersey Mike's, and more. Key community institutions in the vicinity include the...
...Signalized intersection
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Income tax free state
Absolute NNN
Annual rent increases
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 | |
| 2029 Total Population : | 11,198 | 76,162 | 235,927 |
| 2024 Total Population : | 11,090 | 75,388 | 233,469 |
| 2024 Employed Civilian Pop : | 6,877 | 43,145 | 131,920 |
| 2024 Total Businesses : | 683 | 2,345 | 9,221 |
| 2024 Average Household Income : | $ 127,438 | $ 124,599 | $ 113,041 |
| 2024 Total Consumer Spending : | $ 459 M | $ 3123 M | $ 9128 M |
| 2024 Median Age : | 40 | 41 | 37 |
| 2024 Total Households : | 4,185 | 29,058 | 92,412 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,633 | 18,102 | 48,416 |
| 2024 Average Home Value : | $ 509,810 | $ 515,229 | $ 485,232 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
