Listed by Matthews
$2,516,800
Truist Bank (Dark)
Details
Property Type Retail
Sub Type Bank
Square Footage 3,190
Cap Rate 6.25%
NOI $157,000
Tenancy Single
Lease Type NNN
Lease Expiration 08/31/2031
Remaining Term 5.2
Year Built 2006
Acreage 0.990
Tenant Credit Credit Rated
Lease Commencement 09/01/2016
Ground Lease No
NNN Dark Truist Bank – Renovated, High-Traffic Florida Location with ±5 Years Remaining
Investment highlights
- Walsingham Road experiences approximately ±28,000 vehicles per day, providing strong visibility and consistent exposure to high traffic volumes.
- The property benefits from prominent street frontage, multiple access points, and a signalized intersection shared with Walgreens, allowing for convenient ingress and egress.
- Within a three-mile radius, the site is supported by a dense and affluent population of more than 69,731 residents, approximately 15,000 daytime employees, and average household incomes exceeding $124,720.
- The surrounding retail corridor is anchored by a strong lineup of national tenants, including Publix, CVS, Walmart Neighborhood Market, Walgreens, and many other national namebrands.
- The property underwent a comprehensive renovation in 2016, minimizing near-term capital expenditure requirements and positioning the asset competitively among comparable vacant single-tenant bank properties.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$157,000.00
$13,083.33/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
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