Skip to main content

Bank

PNC Bank

14495 Miramar Pkwy, Miramar, FL 33027

Listing Price: $5,750,000

Cap Rate
5.43%
Tenant Name
PNC Bank
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
5,372
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.08

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.

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

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $5,750,000

Cap Rate
5.43%
Tenant Name
PNC Bank
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
5,372
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.08

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.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower