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Bank

Seacoast Bank

715 Indian Rocks Rd N, Belleair Bluffs, FL 33770

Listing Price: $1,595,000

Cap Rate
4.55%
Tenant Name
Seacoast National Bank
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
2,224
Lease Type
Absolute Net
Rent Per Square Feet
$32.64

Investment Overview

Marcus & Millichap is pleased to present Seacoast Bank, an opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Belleair Bluffs, FL. This is a corporate guaranteed lease with over 59 locations in Florida. A brand new 10-year lease extension was signed demonstrating the tenant's long-term commitment to the location. This prime location has a variety of phenomenal core real estate drivers including being adjacent to a signalized intersection, located 2 miles from the Gulf of Mexico, and having a huge population density of over 79,000 people within a 3-mile radius. This ensures future appreciation and stability of the location.

Investment Highlights

  • Brand New 10-Year Lease Extension Demonstrating Tenant's Long-Term Commitment to the Location
  • Corporate Lease Guarantee With Over 59 Locations in Florida With Over $9.3B in Assets & $7.8B in Annual Deposits
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Seacoast Bank, Originally Citizens Bank, Has 90+ Years of Rich History & Is One of the Largest Florida-Based Community Banks
  • Huge Population Density of 10,540 – 1 Mile & 79,848 – 3 Miles
  • 53.5 Years Median Age - Ideal Bank Customer Profile

Exclusively Listed By

Listing Price: $1,595,000

Cap Rate
4.55%
Tenant Name
Seacoast National Bank
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
2,224
Lease Type
Absolute Net
Rent Per Square Feet
$32.64

Investment Highlights

  • Brand New 10-Year Lease Extension Demonstrating Tenant's Long-Term Commitment to the Location
  • Corporate Lease Guarantee With Over 59 Locations in Florida With Over $9.3B in Assets & $7.8B in Annual Deposits
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Seacoast Bank, Originally Citizens Bank, Has 90+ Years of Rich History & Is One of the Largest Florida-Based Community Banks
  • Huge Population Density of 10,540 – 1 Mile & 79,848 – 3 Miles
  • 53.5 Years Median Age - Ideal Bank Customer Profile

Investment Overview

Marcus & Millichap is pleased to present Seacoast Bank, an opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Belleair Bluffs, FL. This is a corporate guaranteed lease with over 59 locations in Florida. A brand new 10-year lease extension was signed demonstrating the tenant's long-term commitment to the location. This prime location has a variety of phenomenal core real estate drivers including being adjacent to a signalized intersection, located 2 miles from the Gulf of Mexico, and having a huge population density of over 79,000 people within a 3-mile radius. This ensures future appreciation and stability of the location.

Exclusively Listed By

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