Skip to main content

Bank

Regions Bank Ground Lease

5252 Ehrlich Rd, Tampa, FL 33624

Listing Price: $2,350,000

Cap Rate
7.09%
Tenant Name
Regions Bank
Years Remaining On Lease
3.6
Gross SF
4,212
Guarantor
Corporate Guarantee
Rentable SF
4,212
Price/Gross SF
$557.93
Lease Type
Ground Lease
Rent Per Square Feet
$39.55

Investment Overview

Marcus & Millichap is proud to present the fee interest in a Regions ground lease, located in Tampa, Florida. The subject property is located on a unique corner lot with direct frontage on Ehrlich Road and West Village Drive, which combined offer high traffic counts of over 22,500 Vehicles Per Day (VPD). This property is situated on a signalized intersection across from Chase Bank on a 1.12-acre lot of land (or 48,802 square feet) and offers approximately 4,212 square feet of leasable space. This property is in the Northwest Tampa submarket, characterized primarily by residential properties with an intense retail commercial development in the immediate vicinity of the subject property. The physical location of the property is 5252 Ehrlich Road Tampa, Florida 33624.

The subject property is surrounded by many national and local tenants including, McDonalds, KFC, Pizza Hut, Dunkin Donuts, Little Caesars Pizza, La Casa Della Pasta, Publix, and a U.S Post Office. Additionally, the property is less than three miles from Westfield Citrus Park, a one million square foot shopping center which anchors JC Penny, Macys, Sporting Goods and Regal Cinemas multiplex theater. The property is in a robust Tampa area with an average household income of $89,699 and a population of 85,389 within a three-mile radius.

Investment Highlights

  • Strong Retail Presence in The Immediate Surrounding Area
  • Zoned PD, Planned Development District
  • Absolute Triple Net Regions Ground Lease With Four Years Remaining
  • Zero Landlord Responsibility

Exclusively Listed By

Listing Price: $2,350,000

Cap Rate
7.09%
Tenant Name
Regions Bank
Years Remaining On Lease
3.6
Gross SF
4,212
Guarantor
Corporate Guarantee
Rentable SF
4,212
Price/Gross SF
$557.93
Lease Type
Ground Lease
Rent Per Square Feet
$39.55

Investment Highlights

  • Strong Retail Presence in The Immediate Surrounding Area
  • Zoned PD, Planned Development District
  • Absolute Triple Net Regions Ground Lease With Four Years Remaining
  • Zero Landlord Responsibility

Investment Overview

Marcus & Millichap is proud to present the fee interest in a Regions ground lease, located in Tampa, Florida. The subject property is located on a unique corner lot with direct frontage on Ehrlich Road and West Village Drive, which combined offer high traffic counts of over 22,500 Vehicles Per Day (VPD). This property is situated on a signalized intersection across from Chase Bank on a 1.12-acre lot of land (or 48,802 square feet) and offers approximately 4,212 square feet of leasable space. This property is in the Northwest Tampa submarket, characterized primarily by residential properties with an intense retail commercial development in the immediate vicinity of the subject property. The physical location of the property is 5252 Ehrlich Road Tampa, Florida 33624.

The subject property is surrounded by many national and local tenants including, McDonalds, KFC, Pizza Hut, Dunkin Donuts, Little Caesars Pizza, La Casa Della Pasta, Publix, and a U.S Post Office. Additionally, the property is less than three miles from Westfield Citrus Park, a one million square foot shopping center which anchors JC Penny, Macys, Sporting Goods and Regal Cinemas multiplex theater. The property is in a robust Tampa area with an average household income of $89,699 and a population of 85,389 within a three-mile radius.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower