Bank
PNC Bank
14495 Miramar Pkwy, Miramar, FL 33027
Listing Price: $5,750,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a PNC Bank located at 14495 Miramar Pkwy in Miramar, Florida. The site consists of roughly 5,372 rentable square feet of building space on estimated 1.12-acre parcel of land. This PNC Bank is subject to an original 15-year absolute triple-net (NNN) lease, which commenced February 5, 2007. The tenant exercised their first renewal option of five (5) years, which commences on March 1, 2022. The current annual rent is $312,000 and is scheduled to increase by five percent (5%) every five (5) years at the start of each of the two (2), five (5)-year renewal options.
Listing Price: $5,750,000
Investment Highlights
- Approximately 5.5 Years of Triple-Net (NNN) Lease Term Remaining
- Early Lease Extension| Tenant Exercised Their First Five (5)-Year Renewal Option Early
- Five Percent (5%) Rental Increases Occurring At Each Five (5)-Year Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a PNC Bank located at 14495 Miramar Pkwy in Miramar, Florida. The site consists of roughly 5,372 rentable square feet of building space on estimated 1.12-acre parcel of land. This PNC Bank is subject to an original 15-year absolute triple-net (NNN) lease, which commenced February 5, 2007. The tenant exercised their first renewal option of five (5) years, which commences on March 1, 2022. The current annual rent is $312,000 and is scheduled to increase by five percent (5%) every five (5) years at the start of each of the two (2), five (5)-year renewal options.
