Retail    

TD Bank (Ground Lease)

 Royal Palm Beach, FL

Asking Price

$6,000,000

Cap Rate

4.64%

For more details on this exclusive listing

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Total Building GLA

4,035 SF

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NNN Ground Lease

12 Yrs Remain

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Year Built

2011

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Exceptional Visibility

43K+ VPD

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Strong Demos

$115K+ AHHI (1 Mi)

INVESTMENT HIGHLIGHTS

  • Long-Term Lease | 25-year ground lease with 12 years remaining and another 20 years in options.
  • Investment-Grade Tenant | The Company has an A1 and AA- credit rating from Moody’s and S&P respectively. 
  • Zero Landlord Responsibilities | The Tenant is operating under a highly passive Absolute NNN Ground Lease with zero landlord responsibilities. 
  • Easy Access to the Site | The Property is an outparcel to Target (85th percentile nationwide and 84th percentile in Florida according to Placer.ai).
  • Scheduled Rent Increases | 10% every 5 years for the remainder of the base term.
  • Outstanding Bank Deposits | Over $296 million in bank deposits, making it the 3rd largest bank branch in the zip code by deposits. 
  • Exceptional Demographics | 148K+ people within 5 miles and an average household income of $115K+ within 1 mile.

Exclusively Listed By

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366
FL Lic. #BK3088542

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Vikaas Patni

Senior Associate
  vpatni@northmarq.com      +1 513.828.6252

Mitch Bensch

Investment Sales Analyst
  mbensch@northmarq.com   

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