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Bank

Popular Bank Coral Gables

2319 Ponce de Leon, Coral Gables, FL 33134

Listing Price: $5,209,000

Cap Rate
5.56%
Tenant Name
Popular Bank
Years Remaining On Lease
3.4
Gross SF
4,348
Guarantor
Corporate Guarantee
Rentable SF
4,348
Price/Gross SF
$1,198.02
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.62

Investment Overview

Founded in 1893, Popular, Inc. is a publicly traded, full-service financial services provider in the United States, Puerto Rico, and the Virgin Islands. Popular, Inc. is one of the 50 largest U.S. banks by assets. Popular Bank is the U.S. banking subsidiary of Popular, Inc.

Since Popular Bank opened its doors in the Bronx, NY in 1961, we have remained committed to our strong sense of the heritage and values set forth by Popular, Inc. over a century ago. Then and still today, a defining characteristic of our brand is our dedication to putting customers at the heart of everything we do.

Investment Highlights

  • Corporately Guaranteed by Popular Bank | Credit Rating BBB
  • 17 years of operational history at this location, Over 189m of annual Deposits Per FDIC
  • Situated on Ponce De Leon Blvd, one of Coral Gables most prominent corridors with over 16,000 Vehicles Per Day
  • Coral Gables is Miami's most affluent neighborhood with a median household income of over $118,000
  • 1 Block from Miracle Mile, Coral Gables premier destination for dining, shopping, and entertainment
  • 21 Banks within a 1-mile radius with over $30b in Annual Deposits
  • Coral Gables Largest Employers include Apple, Baptist Health, Mas Tech, FIFA, and Del Monte Fresh amongst many more

Exclusively Listed By

Financing By

Bank

Popular Bank Coral Gables

Listing Price: $5,209,000

Cap Rate
5.56%
Tenant Name
Popular Bank
Years Remaining On Lease
3.4
Gross SF
4,348
Guarantor
Corporate Guarantee
Rentable SF
4,348
Price/Gross SF
$1,198.02
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.62

Investment Highlights

  • Corporately Guaranteed by Popular Bank | Credit Rating BBB
  • 17 years of operational history at this location, Over 189m of annual Deposits Per FDIC
  • Situated on Ponce De Leon Blvd, one of Coral Gables most prominent corridors with over 16,000 Vehicles Per Day
  • Coral Gables is Miami's most affluent neighborhood with a median household income of over $118,000
  • 1 Block from Miracle Mile, Coral Gables premier destination for dining, shopping, and entertainment
  • 21 Banks within a 1-mile radius with over $30b in Annual Deposits
  • Coral Gables Largest Employers include Apple, Baptist Health, Mas Tech, FIFA, and Del Monte Fresh amongst many more

Investment Overview

Founded in 1893, Popular, Inc. is a publicly traded, full-service financial services provider in the United States, Puerto Rico, and the Virgin Islands. Popular, Inc. is one of the 50 largest U.S. banks by assets. Popular Bank is the U.S. banking subsidiary of Popular, Inc. Since Popular Bank opened its doors in the Bronx, NY in 1961, we have remained committed to our strong sense of the heritage and values set forth by Popular, Inc. over a century ago. Then and still today, a defining characteristic of our brand is our dedication to putting customers at the heart of everything we do.

Exclusively Listed By

Financing By

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