Investment Overview

Marcus & Millichap is pleased to present for sale this Fee Simple Absolute Net Leased Synovus Bank Branch located at 4499 Weston Road in Weston, Florida, a 20 minute drive West of Fort Lauderdale. The subject property consists of a free-standing building comprised of 4,100sq.ft. and three drive-thru lanes while situated on a large 1.32-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Weston Road and Emerald Estates Drive, the property benefits from its high visibility to more than 35,696 vehicles per day. The property is also conveniently located as an out-parcel to ‘The Palace at Weston’, an award-winning assisted living community comprised of 318 units, and within the greater ‘Palms at Weston’, an elegant community with 350+ condominium apartments. The immediate area is anchored by clusters of excellence in retail featuring Home Depot, Publix Super Market, Chick-Fil-A, Starbucks, McDonald’s, 7-Eleven, and numerous other National and Regional Tenants. The subject property is also just off the exit from Interstate-75 which sees daily vehicle counts in excess of 150,638. This Synovus branch location serves an affluent market of over 200,000 full time residents with average household incomes exceeding $169,000, $183,000, and $149,000 in the 1, 3 and 5-mile radiuses respectively. Directly across from this Synovus Property is Weston Commons, a 26 Tenant busy shopping center anchored by Publix, Bonefish Grill, Starbucks, Pet Supermarket, Panera Bread, European Wax Center, Venetian Nail, 4Ever Young Med Spa and many, many more. Numerous apartment complexes surround this property including Weston Place Apartments with 372 units, La Morada at Western Apartments with 368 units, San Michele Apartments, Villa Apartments and Beachside Apartments. Many new home communities are also nearby including Lennar at Sunset Pines with 130 sold homesites, Lennar at Palomino Lake, Kingfisher Estates and Windmill Ranch Estates. Weston is a city in Broward County Florida just west of Ft. Lauderdale and is part of the Miami Metropolitan Area. Synovus originally executed a 10 Year Absolute NNN Lease with attractive annual increases and currently has just over nine years of initial term remaining. Synovus is a top-performing midcap bank with over $60 Billion in assets and $7.3 Billion in capital and has been named one of the Best Banks in America by Forbes.