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Bank

Truist Bank

2595 S Woodland Blvd, DeLand, FL 32720

Listing Price: $2,704,065

Cap Rate
5.35%
Tenant Name
Corporate
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
4,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 2595 South Woodland Boulevard in DeLand, Florida. The site constructed in 1986, consists of roughly 4,320 rentable square feet of building space on estimated 1.36 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $144,668 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $2,704,065

Cap Rate
5.35%
Tenant Name
Corporate
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
4,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.49

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 2595 South Woodland Boulevard in DeLand, Florida. The site constructed in 1986, consists of roughly 4,320 rentable square feet of building space on estimated 1.36 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $144,668 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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