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Views: 102 DOM: 222 Updated: 10.31.24 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 12.2
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 increases throughout the initial term and option periods
  • Absolute NNN lease | 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 19,701 108,358 244,833
2024 Total Population : 19,136 104,072 239,846
2024 Employed Civilian Pop : 10,720 53,980 128,817
2024 Total Businesses : 1,000 9,705 24,051
2024 Average Household Income : $ 124,786 $ 113,277 $ 110,013
2024 Total Consumer Spending : $ 1127 M $ 4963 M $ 10494 M
2024 Median Age : 55 51 48
2024 Total Households : 10,398 50,150 108,980
2024 Pop Age 25+: Bachelor's Degree : 5,744 21,188 44,918
2024 Average Home Value : $ 761,095 $ 663,591 $ 617,388
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Federal Highway SE 12th St 2022 46,000 0.09 mi
E McNab Rd SE 9th Ave 2002 12,915 0.34 mi
S Federal Hwy SE 7th St 2009 41,000 0.55 mi
East McNab Road SE 5th Ave 2022 12,200 0.62 mi
SE 7th St Cir Dr 2003 1,800 0.66 mi
N Federal Hwy Access Rd 2000 44,500 0.71 mi
Bayview Dr NE 28th Ave 2008 6,200 0.81 mi
South Ocean Boulevard Palm Club Dr 2022 18,000 0.86 mi
NE 62nd St NE 22nd Ave 2008 15,000 0.88 mi
Federal Highway SE 4th St 2022 39,500 0.89 mi

Listing Broker

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