Space Coast Credit Union | 15-YR Absolute Net | Depreciable
$9 Billion in Assets | Top FL Growth Market
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Space Coast Credit Union subject to a 15 Year Absolute Net Lease with 10% rental increases every 5 years. Space Coast Credit Union opened for business in January.
Investment highlights
Space Coast Credit Union has grown to 67 branches and $9 Billion in assets making it one of the largest credit unions in FL
Absolute Net Lease provides completely passive ownership and stable cash flow for absentee owner
Flagler County is the 3rd fastest growing County in the state of FL with annual population growth of +/- 4%
Located in between high volume retailers (Super Target, BJ's Wholesale Club), daytime traffic generators (Advent Health Hospital) and new master-planned communities (2,000+ residential units)
Brand new construction with drive-thru and 20-year transferable roof warranty
Fee simple ownership of the building allows for depreciation boosting after tax returns
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Florida leads the nation in population and capital migration and Florida owners benefit from no state income tax and a business friendly political climate
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