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| Price $4,490,147 | Built/Renov 2006 | Tenant Synovus Bank |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,100
| Lease Start
03-01-2021
| #Units
340
|
| Price/SF $1,095.16 | Expiration
09-01-2031
| Tenant Type Bank/Financial |
| NOI $213,282 | R. Term 6.8 | Ownership Fee Simple |
| Rent/SF
$52.02
| Increases 2.0%/1/yrs | Pop 5Mi 198,203 |
| Lot/AC 1.32 | Options 3/5yrs/2% | AHHI 5Mi $149,866 |
| | |
Synovus Bank is located at the signalized, hard corner intersection of Weston Road and Emerald Estates Drive seeing a combined 35,696 vehicles per day and just off of Interstate-75 with daily traffic counts exceeding 150,638 vehicles per day. The property is also conveniently located as an outparcel to ‘The Palace at Weston’, an award-winning assisted living community comprised of 318 units,...
...Signalized intersection
Hard corner intersection
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Annual rent increases
Traded and rated company
Investment grade tenant
The Synovus Financial Corporation, formerly the Columbus Bank and Trust Company, was founded in 1888. Synovus is a financial services company that provides commercial and retail...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,608 | 55,223 | 200,778 |
| 2023 Total Population : | 9,369 | 55,704 | 203,268 |
| 2023 Employed Civilian Pop : | 4,847 | 29,479 | 110,470 |
| 2023 Total Businesses : | 862 | 4,532 | 11,193 |
| 2023 Average Household Income : | $ 166,762 | $ 180,193 | $ 153,054 |
| 2023 Total Consumer Spending : | $ 438 M | $ 2696 M | $ 8729 M |
| 2023 Median Age : | 41 | 41 | 41 |
| 2023 Total Households : | 3,149 | 17,942 | 67,716 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,804 | 13,059 | 44,091 |
| 2023 Average Home Value : | $ 613,760 | $ 667,712 | $ 551,648 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Weston Rd | Pointe West Dr | 2008 | 32,000 | 0.13 mi |
| Weston Road | SW 41st St | 2021 | 33,000 | 0.14 mi |
| Griffin Rd | SW 163rd Ave | 2008 | 23,500 | 0.29 mi |
| Griffin Rd | Hawkes Bluff Ave | 2008 | 44,000 | 0.32 mi |
| Express Lanes | Weston Rd | 2020 | 4,200 | 0.42 mi |
| Express Lanes | Weston Rd | 2020 | 4,800 | 0.42 mi |
| SR-818/EB GRIFFIN RD | Griffin Rd | 2021 | 6,600 | 0.47 mi |
| Griffin Road | Griffin Rd | 2021 | 42,500 | 0.47 mi |
| SW 160th Ave | SW 51st Manor | 2008 | 11,500 | 0.52 mi |
| Griffin Road | SW 166th Ave | 2021 | 22,000 | 0.54 mi |
Londonderry, NH
Cap Rate 4.85%
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Size/SF 3,200
Apopka, FL
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Hampton, VA
Cap Rate 5.00%
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Manassas, VA
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Summerville, SC
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Arlington Heights, IL
Cap Rate 5.75%
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Denver, CO
Cap Rate 5.00%
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Crestwood, IL
Cap Rate 4.00%
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R. Term 11.10 yrs
Size/SF 3,974
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
