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Views: 65 DOM: 128 Updated: 09.15.24 Posted: 05.13.24 Status: Active

Summary

Price $7,300,000
Built/Renov 2019
Tenant TD Bank
Cap Rate 3.77%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,560
Lease Start 03-01-2017
#Units 1,060
Price/SF $2,851.56
Expiration 02-28-2037
Tenant Type Bank/Financial
NOI $275,000
R. Term 12.5
Ownership Fee Simple
Rent/SF $107.42
Increases 10.0%/5/yrs
Pop 5Mi 224,661
Lot/AC 0.00
Options 4/5yrs/10%
AHHI 5Mi $98,029

Lease Highlights

  • TD Bank has 12+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% 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 South Federal Highway, with access to 39,939 vehicles passing by daily. The property is situated by the entrance to Pompano Marketplace, a shopping center anchored by a Walmart Neighborhood Market, which is one of the highest volume Walmart Neighborhood Markets in their chain. Additionally, it is surrounded by well-known national tenants including Stein...

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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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Listing Broker

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