Bank
Dark Truist Bank NNN
2691 Placida Rd, Grove City, FL 34224
Listing Price: $3,200,000
Investment Overview
Marcus & Millichap is pleased to present for sale this former Truist
Bank located in Grove City, Florida. Located at the hard corner
signalized intersection of Placida Road and Mississippi Avenue, this
property experiences traffic counts in excess of 15,800 vehicles per
day. This 3,012 square foot bank branch is situated on a large .54
acre parcel of land.
Grove City is a city in Florida’s Charlotte County and part of the
Punta Gorda Metropolitan Area. It has a population of over 2,200.
It is bordered by Lemon Bay, which is an arm of the Gulf of Mexico.
Only eight minutes from this bank is Englewood Community
Hospital, a 100 Bed hospital which serves thousands of people in
the community. 20 minutes from this property is Cape Coral Hospital
which has 291 Beds, 600 physicians, 1200 employees, 1000
volunteers and services 55,000 patients annually.
Many schools are located nearby this property including Vineland
Elementary, Heritage Christian Academy and Lemon Bay High School,
which are home to hundreds of students. Also in close vicinity to
this bank is Southern Technical College, a popular school of higher
educations serving hundreds of students. Recreational areas close
to this property include Myakka River State Park and Grove City
Walking Park.
Dark Truist Bank NNN
Investment Highlights
- Former Truist (S&P A-) Bank with More than Three Years Remaining on the Absolute NNN (Fee Simple) Lease
- Attractive Above Market Asking Cap Rate of 9.60%
- Three Percent Annual Increases in Rent
- Redevelopment Opportunity | Ability to Lower Cost Basis Through Early Exit with Truist
- Florida Is a No Income Tax State
Listing Price: $3,200,000
Investment Highlights
- Former Truist (S&P A-) Bank with More than Three Years Remaining on the Absolute NNN (Fee Simple) Lease
- Attractive Above Market Asking Cap Rate of 9.60%
- Three Percent Annual Increases in Rent
- Redevelopment Opportunity | Ability to Lower Cost Basis Through Early Exit with Truist
- Florida Is a No Income Tax State
Investment Overview
Marcus & Millichap is pleased to present for sale this former Truist Bank located in Grove City, Florida. Located at the hard corner signalized intersection of Placida Road and Mississippi Avenue, this property experiences traffic counts in excess of 15,800 vehicles per day. This 3,012 square foot bank branch is situated on a large .54 acre parcel of land. Grove City is a city in Florida’s Charlotte County and part of the Punta Gorda Metropolitan Area. It has a population of over 2,200. It is bordered by Lemon Bay, which is an arm of the Gulf of Mexico. Only eight minutes from this bank is Englewood Community Hospital, a 100 Bed hospital which serves thousands of people in the community. 20 minutes from this property is Cape Coral Hospital which has 291 Beds, 600 physicians, 1200 employees, 1000 volunteers and services 55,000 patients annually. Many schools are located nearby this property including Vineland Elementary, Heritage Christian Academy and Lemon Bay High School, which are home to hundreds of students. Also in close vicinity to this bank is Southern Technical College, a popular school of higher educations serving hundreds of students. Recreational areas close to this property include Myakka River State Park and Grove City Walking Park.
