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Bank

TD Bank 10 Year Lease 3% Annual Increases

1300 Palm Coast Pkwy SW, Palm Coast, FL 32137

Listing Price: $5,421,053

Cap Rate
4.75%
Tenant Name
TD Bank
Years Remaining On Lease
10.2
Gross SF
4,341
Guarantor
Corporate Guarantee
Rentable SF
4,341
Price/Gross SF
$1,248.80
Lease Type
Absolute Net
Rent Per Square Feet
$59.32

Investment Overview

Marcus & Millichap is pleased to present for sale this TD Bank located
in Palm Coast, Florida. This is a newly executed 10 Year Absolute NNN
Lease with Very Strong 3 percent annual rent increases during the base
term and options. This property has visibility to an average of 44,500
vehicles daily with its location on busy Palm Coast Highway SW with the
convenience of Four Drive-up ATM’s. This bank is located on an outparcel
to Palm Coast Corners, which is a large 170,000+ square foot shopping
plaza with Major Anchors Winn- Dixie and Bealls. Adjacent to this property
is a 24-hour Walmart Supercenter and Home Depot. With its location along
busy Palm Coast Highway SW, the property is nearby Publix Super Market,
CVS Pharmacy, Anytime Fitness, and Auto Zone among others. This site
has the advantage of direct on/off ramp access to I-95 (46,000+ Vehicles
per day).
This property has a very strong corporate guarantee from TD Bank (NYSE:
TD). TD Bank is the 10th largest bank in the USA with more than 1,100
branches and a market cap exceeding $106 Billion.
Palm Coast is a city in Flagler County, Florida with a population of over
89,800. It is the most populous city in Flagler County and is part of the
Deltona-Dayton Beach-Ormond Beach Metropolitan Statistical Area which
is the 88th largest MSA in the U.S. with a population of over 600,756. The
economy of Palm Coast is driven by 30 mid-size businesses with Palm
Coast Data Company being the largest and employing over 1,000 people.
This area has had one of the highest rates of population growth since
1990, with Palm Coast, Florida more than doubling in population from
32,832 to 89,900 in 10 years. Palm Coast is a bedroom community for
St. Augustine (25 miles to the North) and Daytona Beach(30 miles to the
South). Interstate 95 crosses Palm Coast from north to South.

Investment Highlights

  • TD Bank (NYSE: TD) Newly Executed 10 Year Absolute NNN Fee Simple Lease
  • Three Percent Annual Increases During the Base Term and Options
  • Strong Corporate Guarantee | +/- $106B Market Cap | 1,100+ Branches
  • Outparcel to Palm Coast Corners (Bealls &Winn-Dixie) along Palm Coast Parkway (44,500 Vehicles Per Day)
  • 24 Hour Walmart Supercenter and Home Depot Adjacent to the Property
  • Nearby Retailers include Lowe's, Kohl's, Belk, Publix Markets, CVS, Anytime Fitness and Autozone
  • Florida is a No Income Tax State

Exclusively Listed By

Financing By

Bank

TD Bank 10 Year Lease 3% Annual Increases

Listing Price: $5,421,053

Cap Rate
4.75%
Tenant Name
TD Bank
Years Remaining On Lease
10.2
Gross SF
4,341
Guarantor
Corporate Guarantee
Rentable SF
4,341
Price/Gross SF
$1,248.80
Lease Type
Absolute Net
Rent Per Square Feet
$59.32

Investment Highlights

  • TD Bank (NYSE: TD) Newly Executed 10 Year Absolute NNN Fee Simple Lease
  • Three Percent Annual Increases During the Base Term and Options
  • Strong Corporate Guarantee | +/- $106B Market Cap | 1,100+ Branches
  • Outparcel to Palm Coast Corners (Bealls &Winn-Dixie) along Palm Coast Parkway (44,500 Vehicles Per Day)
  • 24 Hour Walmart Supercenter and Home Depot Adjacent to the Property
  • Nearby Retailers include Lowe's, Kohl's, Belk, Publix Markets, CVS, Anytime Fitness and Autozone
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this TD Bank located in Palm Coast, Florida. This is a newly executed 10 Year Absolute NNN Lease with Very Strong 3 percent annual rent increases during the base term and options. This property has visibility to an average of 44,500 vehicles daily with its location on busy Palm Coast Highway SW with the convenience of Four Drive-up ATM’s. This bank is located on an outparcel to Palm Coast Corners, which is a large 170,000+ square foot shopping plaza with Major Anchors Winn- Dixie and Bealls. Adjacent to this property is a 24-hour Walmart Supercenter and Home Depot. With its location along busy Palm Coast Highway SW, the property is nearby Publix Super Market, CVS Pharmacy, Anytime Fitness, and Auto Zone among others. This site has the advantage of direct on/off ramp access to I-95 (46,000+ Vehicles per day). This property has a very strong corporate guarantee from TD Bank (NYSE: TD). TD Bank is the 10th largest bank in the USA with more than 1,100 branches and a market cap exceeding $106 Billion. Palm Coast is a city in Flagler County, Florida with a population of over 89,800. It is the most populous city in Flagler County and is part of the Deltona-Dayton Beach-Ormond Beach Metropolitan Statistical Area which is the 88th largest MSA in the U.S. with a population of over 600,756. The economy of Palm Coast is driven by 30 mid-size businesses with Palm Coast Data Company being the largest and employing over 1,000 people. This area has had one of the highest rates of population growth since 1990, with Palm Coast, Florida more than doubling in population from 32,832 to 89,900 in 10 years. Palm Coast is a bedroom community for St. Augustine (25 miles to the North) and Daytona Beach(30 miles to the South). Interstate 95 crosses Palm Coast from north to South.

Exclusively Listed By

Financing By

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