STREAM Capital Partners > Properties > All Properties > Truist

Truist

Net Lease

4850 Wiles Rd, Coconut Creek, Florida
Ownership Type:
Ground Lease
Price:
$4,880,333
Cap Rate:
7.50%
Current Rent:
$366,025
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 3+ years
Renewal Options:
Two, 5-Year
Building Sq. Ft.:
4,116 SF
Rent Increases:
10% Every 5 years
Site Size:
0.79 Acres

Investment Highlights

  • Absolute NNN Lease: Strong NNN lease with no landlord responsibilities and 10% rent increases every option.
  • Corporate Guarantee: Lease is guaranteed by Truist Financial Corporation (NYSE: TFC), a Fortune 500, investment-grade financial institution formed through the merger of BB&T and SunTrust Banks, with a strong national presence and a reputation for stability and credit strength.
  • Strong Retail Corridor: Positioned along Wiles Road, a highly trafficked retail thoroughfare in Coconut Creek with 40,000+ vehicles per day, the property is surrounded by a mix of national and regional retailers within one of Broward County’s most vibrant commercial corridors.
  • Fort Lauderdale MSA Location: Coconut Creek is part of the Fort Lauderdale, FL MSA—one of South Florida’s most dynamic and densely populated regions. The area benefits from a robust economy, strong population growth, and high retail demand driven by year-round tourism and affluent residential communities.
  • Affluent Local Demographics: The property is supported by strong surrounding demographics, with an average household income exceeding $97,000 and a population of more than 60,000 residents within a two-mile radius.
Ownership Type:
Ground Lease
Price:
$4,880,333
Cap Rate:
7.50%
Current Rent:
$366,025
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 3+ years
Renewal Options:
Two, 5-Year
Building Sq. Ft.:
4,116 SF
Rent Increases:
10% Every 5 years
Site Size:
0.79 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Taylor Trepinski

Vice President
516 212 7007[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Sasha Dominguez, BK3339010

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