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Bank

Truist | Bartow, FL | Annual Increases

255 W Main St, Bartow, FL 33830

Listing Price: $1,755,000

Cap Rate
5.50%
Tenant Name
Truist
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
3,610
Lease Type
Absolute Net
Rent Per Square Feet
$26.74

Investment Overview

LEASE
- NNN – No Landlord Responsibilities
- Annual 1.5% Rent Increases
- 4.7 Years Remaining
- Six, 5-Year Options

TRUIST
- 6th largest bank in the US
- A- (S&P Rating)
- $535 billion in assets as of December 31, 2023
- 2,781 Locations

DEPOSITS
- Extremely strong deposits of $142,647,000
- Of the twelve Truist branches in Polk County, this branch has the third highest deposits.

ZERO COMPETITION IN AREA
- The only Truist branch in Bartow
- Following the merger of BB&T and SunTrust, Truist closed the surrounding branches, leaving this location as the sole branch to service the city of Bartow.
- The closest Truist branch is over 10 miles away in Lakeland.

BARTOW / POLK COUNTY
- Polk County is the fastest growing county in Florida.
- Very strong demographics.

Investment Highlights

  • LEASE - NNN – No Landlord Responsibilities - Annual 1.5% Rent Increases - 4.7 Years Remaining - Six, 5-Year Options
  • TRUIST - 6th largest bank in the US - A- (S&P Rating) - $535 billion in assets as of December 31, 2023 - 2,781 Locations
  • DEPOSITS - Extremely strong deposits of $142,647,000 - Of the twelve Truist branches in Polk County, this branch has the third highest deposits.

Exclusively Listed By

Financing By

Bank

Truist | Bartow, FL | Annual Increases

Listing Price: $1,755,000

Cap Rate
5.50%
Tenant Name
Truist
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
3,610
Lease Type
Absolute Net
Rent Per Square Feet
$26.74

Investment Highlights

  • LEASE - NNN – No Landlord Responsibilities - Annual 1.5% Rent Increases - 4.7 Years Remaining - Six, 5-Year Options
  • TRUIST - 6th largest bank in the US - A- (S&P Rating) - $535 billion in assets as of December 31, 2023 - 2,781 Locations
  • DEPOSITS - Extremely strong deposits of $142,647,000 - Of the twelve Truist branches in Polk County, this branch has the third highest deposits.

Investment Overview

LEASE - NNN – No Landlord Responsibilities - Annual 1.5% Rent Increases - 4.7 Years Remaining - Six, 5-Year Options TRUIST - 6th largest bank in the US - A- (S&P Rating) - $535 billion in assets as of December 31, 2023 - 2,781 Locations DEPOSITS - Extremely strong deposits of $142,647,000 - Of the twelve Truist branches in Polk County, this branch has the third highest deposits. ZERO COMPETITION IN AREA - The only Truist branch in Bartow - Following the merger of BB&T and SunTrust, Truist closed the surrounding branches, leaving this location as the sole branch to service the city of Bartow. - The closest Truist branch is over 10 miles away in Lakeland. BARTOW / POLK COUNTY - Polk County is the fastest growing county in Florida. - Very strong demographics.

Exclusively Listed By

Financing By

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