Property Details

Fifth Third Bank

Tampa, FL
Property ID: 4618

Financial Summary

Asking Price $4,525,000
Cap Rate 5.35%
Net Operating Income (NOI) $242,000
Lease Type NNN
Lease Term Remaining 10.5 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714

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Highlights

  • True NNN lease with zero landlord responsibilities
  • 10% increases every 5 years
  • Investment grade tenant S&P: A-
  • Near the corner of N Dale Mabry Hwy and Fletcher (coveted Carrollwood corridor) boasts over 100K VPD
  • Great demographics - population of over 101K people within 3 miles with average HH income of over $91K within 1 mile
  • High density retail corner with Stein Mart, Lowe’s, Fresh Market, Bed Bath & Beyond, Walgreens & Chipotle
  • Over 10 years left on lease with one (1), ten (10) year option, rent increase in 7/1/17
  • Operates 1300 branches/affiliates in 12 states

Location

13001 N Dale Mabry Hwy
Tampa, FL

Traci BidingerFifth Third Bank