Investment Overview

Marcus & Millichap is pleased to present an exceptional net-lease investment opportunity — a single-tenant PNC Bank located in a prime South Florida location. This 4,212-square-foot bank sits on an oversized 2.01-acre parcel and is secured by an NNN Ground Lease with a corporate guaranty from one of the most financially sound institutions in the United States. Structured with 12% rental increases every five years and a corporate guaranty from an investment-grade institution, this offering delivers a compelling blend of credit quality, passive income, and built-in rent growth that is increasingly difficult to find in today's net-lease market. The property's location is nothing short of a best-in-class retail address located along the main retail corridor of Coral Springs, FL which is a premier Fort Lauderdale suburb. Positioned directly on North University Drive, the site sits directly across from The Walk at University and is surrounded by more than 1.4 million square feet of retail space within a one-mile radius. Co-tenancy includes nationally recognized names such as Publix, Trader Joe's, Whole Foods, Total Wine, and Barnes & Noble, ensuring a constant, high-quality flow of consumer traffic that reinforces PNC's long-term commitment to this location. Coral Springs itself is one of South Florida's most coveted suburban markets being a land-constrained municipality that creates significant barriers to entry for new retail competition. The five-mile trade area is home to more than 350,000 residents with average household incomes exceeding $104,000, reflecting an affluent, stable consumer base with exceptional purchasing power. Adding further tailwinds, the immediate area is at the epicenter of downtown redevelopment, with the Cornerstone and City Village mixed-use projects poised to deliver over 700 new residential units and nearly 100,000 square feet of new commercial space ensuring this corridor only continues to strengthen over time. PNC Bank is one of the largest and most well-capitalized financial institutions in the country, reporting $23.1 billion in 2025 total revenue and operating over 2,200 branches nationwide. The bank's investment-grade corporate guaranty, paired with the ironclad lease structure and the exceptional fundamentals of the Coral Springs market, positions this offering as a compelling, long-term hold for investors seeking security, simplicity, and steady appreciating cash flow in the heart of South Florida.