Bank

TD Bank NNN Lease Very Strong Deposits

3325 W Hillsboro Blvd, Deerfield Beach, FL 33442

Listing Price: $10,160,640

Cap Rate
6.25%
Tenant Name
Commercial
Years Remaining On Lease
4.9
Gross SF
6,330
Guarantor
Corporate Guarantee
Rentable SF
6,330
Price/Gross SF
$1,605.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$100.32

Investment Overview

Marcus & Millichap is pleased to present for sale this TD Bank Fee
Simple Asset located in Deerfield Beach, Florida. This property is
situated as an outparcel to a very busy 250,000 Square Foot Super
Target Anchored Shopping Center which includes National Retailers
Petco, Hobby Lobby, Super Target, Bank of America, Mattress Firm,
Great Clips, Visionworks, CVS and Starbucks. Many high density
residential communities surround the property including Century
Village with 6,000 condominiums. Deer Creek Golf & Country Club
is a 600-acre residential community located on the North side of the
Property.This 6,330 Square Foot Bank Branch has direct exposure to
more than 45,000 vehicles per day on busy Hillsborough Boulevard.
TD Bank boasts very strong, year over year deposits exceeding $145
Million per year at this branch. Major retailers in close vicinity to
the property include Publix, T.J. Maxx, Marshalls, Rainbow Shops,
Sprint, Taco Bell, FedEx, Advanced Auto Parts, Dunkin Donuts, Mobil,
Michaels, Ross and Aldis.
Deerfield Beach is a city in Broward County, Florida, just south of
the Palm Beach County line and a short 30 minute drive to Miami.
The city is named for the numerous deer that once roamed the
area. With a 2020 population of 81,915, it is the 32nd largest city
in Florida and the 428th largest city in the United States. Deerfield
Beach is currently growing at a rate of 0.65 percent annually and
its population has increased by 9.19 percent since the most recent
census, which recorded a population of 75,018 in 2010.
TD Bank is an American national bank and subsidiary of the Canadian
multinational Toronto-Dominion Bank. It operates primarily across
the East Coast, in fifteen states and Washington D.C. TD Bank is the
seventh-largest U.S. bank by deposits and 8th largest bank in the
United States by total assets.

Investment Highlights

  • TD Bank (NYSE: TD) Absolute NNN Fee Simple Lease Allowing for Depreciation
  • Very Strong Deposits | $145 Million in 2020 | 22% Increase from 2019
  • Outparcel to a 250,000 Square Foot Super Target Anchored Shopping Center
  • Dense Demographics: 333,354 in 5-Mile Radius
  • Direct Exposure to more than 45,000 Vehicles Per Day on Hillsborough Boulevard,
  • Florida Is a No Income Tax State

Exclusively Listed By

Bank

TD Bank NNN Lease Very Strong Deposits

Listing Price: $10,160,640

Cap Rate
6.25%
Tenant Name
Commercial
Years Remaining On Lease
4.9
Gross SF
6,330
Guarantor
Corporate Guarantee
Rentable SF
6,330
Price/Gross SF
$1,605.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$100.32

Investment Highlights

  • TD Bank (NYSE: TD) Absolute NNN Fee Simple Lease Allowing for Depreciation
  • Very Strong Deposits | $145 Million in 2020 | 22% Increase from 2019
  • Outparcel to a 250,000 Square Foot Super Target Anchored Shopping Center
  • Dense Demographics: 333,354 in 5-Mile Radius
  • Direct Exposure to more than 45,000 Vehicles Per Day on Hillsborough Boulevard,
  • Florida Is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this TD Bank Fee
Simple Asset located in Deerfield Beach, Florida. This property is
situated as an outparcel to a very busy 250,000 Square Foot Super
Target Anchored Shopping Center which includes National Retailers
Petco, Hobby Lobby, Super Target, Bank of America, Mattress Firm,
Great Clips, Visionworks, CVS and Starbucks. Many high density
residential communities surround the property including Century
Village with 6,000 condominiums. Deer Creek Golf & Country Club
is a 600-acre residential community located on the North side of the
Property.This 6,330 Square Foot Bank Branch has direct exposure to
more than 45,000 vehicles per day on busy Hillsborough Boulevard.
TD Bank boasts very strong, year over year deposits exceeding $145
Million per year at this branch. Major retailers in close vicinity to
the property include Publix, T.J. Maxx, Marshalls, Rainbow Shops,
Sprint, Taco Bell, FedEx, Advanced Auto Parts, Dunkin Donuts, Mobil,
Michaels, Ross and Aldis.
Deerfield Beach is a city in Broward County, Florida, just south of
the Palm Beach County line and a short 30 minute drive to Miami.
The city is named for the numerous deer that once roamed the
area. With a 2020 population of 81,915, it is the 32nd largest city
in Florida and the 428th largest city in the United States. Deerfield
Beach is currently growing at a rate of 0.65 percent annually and
its population has increased by 9.19 percent since the most recent
census, which recorded a population of 75,018 in 2010.
TD Bank is an American national bank and subsidiary of the Canadian
multinational Toronto-Dominion Bank. It operates primarily across
the East Coast, in fifteen states and Washington D.C. TD Bank is the
seventh-largest U.S. bank by deposits and 8th largest bank in the
United States by total assets.

Exclusively Listed By

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