Bank
Space Coast Credit Union | 3rd Largest Credit Union in Florida (66+ Locations)
3340 Bayside Lakes Blvd SE, Palm Bay, FL 32909
Listing Price: $4,820,000
Cap Rate
5.35%
Tenant Name
Space Coast Credit Union
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$103.15
Investment Overview
Marcus & Millichap is pleased to present the Space Coast Credit Union in Palm Bay, Florida.
Space Coast Credit Union | 3rd Largest Credit Union in Florida (66+ Locations)
Investment Highlights
- 15-Year Absolute NNN Ground Lease, No Landlord Responsibilities
- Rare 3% Annual Rental Increases In Base Term and Options
- Corporate Guaranty, 66 Locations Serving Over 674,000 Members
- Third Largest Credit Union in Florida with $8.8 Billion in Assets
- Brand New High-Quality Construction with Four Drive-Thru Windows
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $90,000 within 3 Miles
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Bank
Space Coast Credit Union | 3rd Largest Credit Union in Florida (66+ Locations)
Listing Price: $4,820,000
Cap Rate
5.35%
Tenant Name
Space Coast Credit Union
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$103.15
Investment Highlights
- 15-Year Absolute NNN Ground Lease, No Landlord Responsibilities
- Rare 3% Annual Rental Increases In Base Term and Options
- Corporate Guaranty, 66 Locations Serving Over 674,000 Members
- Third Largest Credit Union in Florida with $8.8 Billion in Assets
- Brand New High-Quality Construction with Four Drive-Thru Windows
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $90,000 within 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Space Coast Credit Union in Palm Bay, Florida.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
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