Truist
Retail | 7.50% CAP | 4,116 SqFt
Marketing description
Corporate Guarantee: Lease is guaranteed by Truist Financial Corporation (NYSE: TFC), a Fortune 500, investment-grade financial institution formed through the merger of BB&T and SunTrust Banks, with a strong national presence and a reputation for stability and credit strength.
Investment highlights
Absolute NNN Lease: Strong NNN lease with no landlord responsibilities and 10% rent increases every option.
Strong Retail Corridor: Positioned along Wiles Road, a highly trafficked retail thoroughfare in Coconut Creek with 40,000+ vehicles per day, the property is surrounded by a mix of national and regional retailers within one of Broward County’s most vibrant commercial corridors.
Fort Lauderdale MSA Location: Coconut Creek is part of the Fort Lauderdale, FL MSA—one of South Florida’s most dynamic and densely populated regions. The area benefits from a robust economy, strong population growth, and high retail demand driven by year-round tourism and affluent residential communities.
Affluent Local Demographics: The property is supported by strong surrounding demographics, with an average household income exceeding $97,000 and a population of more than 60,000 residents within a two-mile radius.
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