About This Restaurant
Investment Highlights
Rare Opportunity - New 20-Year Fifth Third Bank Ground Lease in top Florida growth market Excellent Fundamentals - Full access and excellent visibility to signalized intersection with over 75,000 cars per day Passive Ownership - Absolute Net Ground Lease provides completely passive ownership for absentee owner Growth Market - Pasco is the 3rd fastest growing County in Florida and there are over 17,500 homes in development in the local trade area Strategic Location -Located between 2 Publix anchored shopping centers and outparcel to Starkey Ranch, a 2,400 acres master planed community with over Investment Grade Credit - Fifth Third is rated A- by Fitch and operates +/- 1,200 branches across 10 states
Executive Summary
5.22% AVG Return Over Lease Term
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Bank Bank General Retail Fast Food General Retail Freestanding Bank
- Building Size 1,900
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2023
- Price 3,222,000
- Price Per SF 1,696
- Cap Rate 4.50
- NOI 145,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.01
- Land Acres 3.91 AC
Property Taxes
| Parcel Number | 27-26-17-0000-49900-0010 27-26-17-0000-00100-0060 | Improvements Assessment | $602,330 |
| Land Assessment | $0 | Total Assessment | $602,330 |
| Date Created: | 2024-07-16 04:13:33 | Last Updated: | 2024-07-16 04:13:33 |
| Address: | 13474 Pine Gap spur , Odessa, Florida, 33556 | ||