Bank
GTE Financial Credit Union ($2.9B in Assets) | 15-Yr. NNN Ground Leas
8040 Curley Rd, Wesley Chapel, FL 33545
Listing Price: $2,636,000
Cap Rate
5.50%
Tenant Name
GTE Financial
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,995
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.41
Investment Overview
Marcus & Millichap is pleased to present the GTE Financial Credit Union Ground Lease in Wesley Chapel, FL
GTE Financial Credit Union ($2.9B in Assets) | 15-Yr. NNN Ground Leas
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, 25+ Locations with $2.9 Billion in Assets
- One of the Largest Credit Unions in Florida, Serving Over 250,000 Individuals and Businesses
- Significant Capital Investment by Tenant to Build Brand New Community Financial Center
- Serving Over 72,000 Residents in Rapidly Growing Tampa Suburb
- Surrounded by Several Residential Developments, 14,300 New Homes Planned/Approved Within 3.5 Miles
- Pasco County is One of the Fastest-Growing Counties in the U.S.
- Surrounded by Affluent Communities, Average Household Income of $117,000+ Within 3 Miles
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Bank
GTE Financial Credit Union ($2.9B in Assets) | 15-Yr. NNN Ground Leas
Listing Price: $2,636,000
Cap Rate
5.50%
Tenant Name
GTE Financial
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,995
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.41
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, 25+ Locations with $2.9 Billion in Assets
- One of the Largest Credit Unions in Florida, Serving Over 250,000 Individuals and Businesses
- Significant Capital Investment by Tenant to Build Brand New Community Financial Center
- Serving Over 72,000 Residents in Rapidly Growing Tampa Suburb
- Surrounded by Several Residential Developments, 14,300 New Homes Planned/Approved Within 3.5 Miles
- Pasco County is One of the Fastest-Growing Counties in the U.S.
- Surrounded by Affluent Communities, Average Household Income of $117,000+ Within 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the GTE Financial Credit Union Ground Lease in Wesley Chapel, FL
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
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