Fifth Third Bank

3035 W. New Haven Ave, West Melbourne, FL
Deal Type:
Net Lease
Price:
$4,000,000
Cap Rate:
4.50%
Current Rent:
$180,000
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
4, Five-year
Building Sq. Ft.:
1,900 SF
Rent Increases:
10% every 5 years
Site Size:
0.74 Acres

Investment Highlights

  • Investment Grade Tenant: Leased to Fifth Third Bank who is rated A- by Standard and Poor’s.
  • Zero Landlord Responsibilities: 20 year Absolute NNN Ground lease providing passive ownership.
  • Retail Dense Corridor: Situated near national anchor tenants located nearby such as The Home Depot, Lowe’s, Target, Sam’s Club, and Publix.
  • Busy Trade Area: Well positioned off the signalized intersection of Minton Rd and W New Haven Ave which has a traffic count of ~ 68,000 VPD.
  • Affluent Sub-Market: Property is located in a high income market of Southeast Florida with incomes in excess of $94,000 within one mile.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Sasha Dominguez, Lic. #BK3339010

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