Skip to main content

Bank

Bank OZK in Prime Boca Raton, FL Location

7800 Glades Rd, Boca Raton, FL 33434

Listing Price: $6,458,333

Cap Rate
4.80%
Tenant Name
Bank OZK
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.00

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Bank OZK located in Boca Raton, FL. The property features a new 10-year lease. The building is currently undergoing extensive renovations, including the installation of a new roof and significant architectural upgrades. Bank opening is targeted for Q3 2024 with rent commencing in May 2024. Bank OZK is available to purchase with the adjacent shopping center – contact listing agent for more information.

Situated directly at the prime intersection of Glades Road and Florida’s Turnpike, this property experiences consistently high traffic volumes, with approximately 160,000 vehicles passing daily—this is a true trophy location.

Located on Glades Road, the major east-west arterial road in Boca Raton, it serves as a primary thoroughfare connecting residential neighborhoods, shopping centers, schools, and businesses, with a daily traffic count exceeding 49,000 vehicles. Close proximity to the ramps to/from Interstate 95 further enhances accessibility, with more than 225,000 vehicles daily.

Located in Boca Raton, known as one of the wealthiest communities in the country, this property benefits from its prestigious location in a highly desirable and affluent area. The population within three miles of the subject property exceeds 100,000 and reaches over 250,000 within five miles. With an average annual household income of $138,223 within one mile and projected growth to $151,494 by 2028, the area demonstrates significant economic prosperity.

Residential developments, such as those at the entrance to Boca Grove, with approximately 450 homes ranging from $924,900 to $5,975,000, contribute to population growth. Directly across the street is the main entrance to Boca West, which boasts over 6,000 residents across 55 residential neighborhoods, further enhancing the area's desirability. Additionally, proximity to Lotus Palm, Lotus Edge, and other residential developments highlight the ongoing construction and demand for upscale housing in the area.

Bank OZK conducts banking operations across eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi. As of December 31, 2023, the company reported total assets of $34.24 billion.
Surrounding national brands include Lowes, The Home Depot, Publix Supermarket, The Fresh Market, Aldi, Sprouts Farmers Market, Target, Walmart Supercenter, T.J. Maxx, Hobby Lobby, Big Lots, Old Navy, Best Buy, Office Depot, Dick’s Sporting Goods, Ross, Party City, LA Fitness, Orange Theory Fitness, Rooms To Go, Macy’s Furniture Gallery, Marshalls, HomeGoods, DSW, Pet Supermarket, PetSmart, Burlington, Bank of America, TD Bank, Chase Bank, Benihana Japanese Steakhouse, Bonefish Grill, Chili’s Grill & Bar, Miller’s Ale House, Papa John’s Pizza, McDonald’s, Chipotle, Chick-fil-A, T-Mobile, Verizon, 7-Eleven, Starbucks, Walgreens, Hilton Suites, Holiday Inn Express and many more.

Investment Highlights

  • Located Immediately at the Intersection of Glades Road and Florida's Turnpike, Ranked Among the Busiest Intersections in South Florida, With a Combined Traffic Count of Approx. 160,000 Vehicles Daily
  • Bank OZK is Also Available to Purchase With Adjacent Shopping Center – Contact Listing Agent for More Information
  • Situated in Boca Raton, Florida, Known as One of the Wealthiest Communities in the Country, This Property Benefits from its Prestigious Location in a Highly Desirable and Affluent Area
  • New, 10-Year Lease With 12 Percent Rent Increase in Year Six, and 10 Percent Every Five Years Thereafter
  • Building is Currently Undergoing Extensive Renovations With Significant Architectural Upgrades | Roof is Being Replaced and Will Have a Warranty | Bank Opening Targeted for Q3 2024 With Rent Commencing in May 2024
  • Bank OZK Conducts Banking Operations With Over 240 Offices in Eight States Including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi | Company Had $34.24 Billion in Total Assets as of December 31, 2023
  • Population Over 100,000 Within Three Miles of Subject Property, and Over 250,000 in Five Miles | The Average Annual Household Income is $138,223 in One Mile and Projected to Reach $151,494 by 2028
  • Surrounding National Brands Include Lowes, The Home Depot, Publix Supermarket, The Fresh Market, Aldi, Sprouts Farmers Market, Target, Walmart Supercenter, T.J. Maxx, Hobby Lobby, Big Lots, Old Navy, Best Buy, Office Depot, Dick's Sporting Goods, Ross, Party City, LA Fitness, Orange Theory Fitness, Rooms To Go, Macy's Furniture Gallery, Marshalls, HomeGoods, DSW, Pet Supermarket, PetSmart, Burlington, Bank of America, Chase Bank, Benihana Japanese Steakhouse, Bonefish Grill and Many More

Exclusively Listed By

Bank

Bank OZK in Prime Boca Raton, FL Location

Listing Price: $6,458,333

Cap Rate
4.80%
Tenant Name
Bank OZK
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.00

Investment Highlights

  • Located Immediately at the Intersection of Glades Road and Florida's Turnpike, Ranked Among the Busiest Intersections in South Florida, With a Combined Traffic Count of Approx. 160,000 Vehicles Daily
  • Bank OZK is Also Available to Purchase With Adjacent Shopping Center – Contact Listing Agent for More Information
  • Situated in Boca Raton, Florida, Known as One of the Wealthiest Communities in the Country, This Property Benefits from its Prestigious Location in a Highly Desirable and Affluent Area
  • New, 10-Year Lease With 12 Percent Rent Increase in Year Six, and 10 Percent Every Five Years Thereafter
  • Building is Currently Undergoing Extensive Renovations With Significant Architectural Upgrades | Roof is Being Replaced and Will Have a Warranty | Bank Opening Targeted for Q3 2024 With Rent Commencing in May 2024
  • Bank OZK Conducts Banking Operations With Over 240 Offices in Eight States Including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi | Company Had $34.24 Billion in Total Assets as of December 31, 2023
  • Population Over 100,000 Within Three Miles of Subject Property, and Over 250,000 in Five Miles | The Average Annual Household Income is $138,223 in One Mile and Projected to Reach $151,494 by 2028
  • Surrounding National Brands Include Lowes, The Home Depot, Publix Supermarket, The Fresh Market, Aldi, Sprouts Farmers Market, Target, Walmart Supercenter, T.J. Maxx, Hobby Lobby, Big Lots, Old Navy, Best Buy, Office Depot, Dick's Sporting Goods, Ross, Party City, LA Fitness, Orange Theory Fitness, Rooms To Go, Macy's Furniture Gallery, Marshalls, HomeGoods, DSW, Pet Supermarket, PetSmart, Burlington, Bank of America, Chase Bank, Benihana Japanese Steakhouse, Bonefish Grill and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Bank OZK located in Boca Raton, FL. The property features a new 10-year lease. The building is currently undergoing extensive renovations, including the installation of a new roof and significant architectural upgrades. Bank opening is targeted for Q3 2024 with rent commencing in May 2024. Bank OZK is available to purchase with the adjacent shopping center – contact listing agent for more information. Situated directly at the prime intersection of Glades Road and Florida’s Turnpike, this property experiences consistently high traffic volumes, with approximately 160,000 vehicles passing daily—this is a true trophy location. Located on Glades Road, the major east-west arterial road in Boca Raton, it serves as a primary thoroughfare connecting residential neighborhoods, shopping centers, schools, and businesses, with a daily traffic count exceeding 49,000 vehicles. Close proximity to the ramps to/from Interstate 95 further enhances accessibility, with more than 225,000 vehicles daily. Located in Boca Raton, known as one of the wealthiest communities in the country, this property benefits from its prestigious location in a highly desirable and affluent area. The population within three miles of the subject property exceeds 100,000 and reaches over 250,000 within five miles. With an average annual household income of $138,223 within one mile and projected growth to $151,494 by 2028, the area demonstrates significant economic prosperity. Residential developments, such as those at the entrance to Boca Grove, with approximately 450 homes ranging from $924,900 to $5,975,000, contribute to population growth. Directly across the street is the main entrance to Boca West, which boasts over 6,000 residents across 55 residential neighborhoods, further enhancing the area's desirability. Additionally, proximity to Lotus Palm, Lotus Edge, and other residential developments highlight the ongoing construction and demand for upscale housing in the area. Bank OZK conducts banking operations across eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi. As of December 31, 2023, the company reported total assets of $34.24 billion. Surrounding national brands include Lowes, The Home Depot, Publix Supermarket, The Fresh Market, Aldi, Sprouts Farmers Market, Target, Walmart Supercenter, T.J. Maxx, Hobby Lobby, Big Lots, Old Navy, Best Buy, Office Depot, Dick’s Sporting Goods, Ross, Party City, LA Fitness, Orange Theory Fitness, Rooms To Go, Macy’s Furniture Gallery, Marshalls, HomeGoods, DSW, Pet Supermarket, PetSmart, Burlington, Bank of America, TD Bank, Chase Bank, Benihana Japanese Steakhouse, Bonefish Grill, Chili’s Grill & Bar, Miller’s Ale House, Papa John’s Pizza, McDonald’s, Chipotle, Chick-fil-A, T-Mobile, Verizon, 7-Eleven, Starbucks, Walgreens, Hilton Suites, Holiday Inn Express and many more.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower