Bank

BB&T, Hudson, FL

Listing Price: $5,990,000

Cap Rate
6.50%
Tenant Name
Branch Banking Trust
Years Remaining On Lease
5.20
Gross SF
4,640
Guarantor
Corporate Guarantee
Rentable SF
4,640
Price/Gross SF
$1,290.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$83.94

Investment Overview

Marcus & Millichap is pleased to present for sale this BB&T Bank located in Hudson, Florida. Located at the hard corner signalized intersection of State Road 52 and Little Road, this property experiences traffic counts in excess of 66,920 Vehicles Per Day. This 4,640 Square Foot Bank Branch is situated on a large 1.01 Acre Parcel of Land. BB&T has been at this branch since 2005 and has strong, steady deposits exceeding $52 Million Per Year. Hudson is a city located approximately 30 miles north of Tampa, Florida. Tampa is a major city in, and the county seat of, Hillsborough, Florida. It is on the west cost of Florida on Tampa Bay, near the Gulf of Mexico. Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. The Tampa Bay metro area contains more than four million residents. The Tampa Bay area is West Central Floridas center of government, commerce, communications, business, health care, scientific research, sports, culture, and entertainment. Several Fortune 1000 companies are headquartered in Tampa, including: OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial. Finance, insurance and real estate firms, including Raymond James Financial Inc. and JPMorgan Chase, employ close to 100,000 people. Medical technology companies such as Bausch & Lomb, Baxter Healthcare Corp. and Transitions Optical Inc. hire more than 10,000 people locally. The medical field in Tampa benefits from CAMLS, one of the most cutting edge medical simulation training centers in the world.

Investment Highlights

  • BB&T (Truist: TFC) Bank with more than Five Years remaining on the Absolute NNN Lease
  • Three Percent Annual Increases in Rent: 7.11% Blended Return Over a Five Year Hold
  • Large 1.01 Acre Lot on a Signalized Hard Corner Intersection
  • Located in front of a brand new ALDI Market and next to a brand new Wawa
  • Strong Bank Deposits Exceeding $52 Million Per Year
  • Florida Is a No Income Tax State

Exclusively Listed By

Listing Price: $5,990,000

Cap Rate
6.50%
Tenant Name
Branch Banking Trust
Years Remaining On Lease
5.20
Gross SF
4,640
Guarantor
Corporate Guarantee
Rentable SF
4,640
Price/Gross SF
$1,290.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$83.94

Investment Highlights

  • BB&T (Truist: TFC) Bank with more than Five Years remaining on the Absolute NNN Lease
  • Three Percent Annual Increases in Rent: 7.11% Blended Return Over a Five Year Hold
  • Large 1.01 Acre Lot on a Signalized Hard Corner Intersection
  • Located in front of a brand new ALDI Market and next to a brand new Wawa
  • Strong Bank Deposits Exceeding $52 Million Per Year
  • Florida Is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this BB&T Bank located in Hudson, Florida. Located at the hard corner signalized intersection of State Road 52 and Little Road, this property experiences traffic counts in excess of 66,920 Vehicles Per Day. This 4,640 Square Foot Bank Branch is situated on a large 1.01 Acre Parcel of Land. BB&T has been at this branch since 2005 and has strong, steady deposits exceeding $52 Million Per Year. Hudson is a city located approximately 30 miles north of Tampa, Florida. Tampa is a major city in, and the county seat of, Hillsborough, Florida. It is on the west cost of Florida on Tampa Bay, near the Gulf of Mexico. Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. The Tampa Bay metro area contains more than four million residents. The Tampa Bay area is West Central Floridas center of government, commerce, communications, business, health care, scientific research, sports, culture, and entertainment. Several Fortune 1000 companies are headquartered in Tampa, including: OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial. Finance, insurance and real estate firms, including Raymond James Financial Inc. and JPMorgan Chase, employ close to 100,000 people. Medical technology companies such as Bausch & Lomb, Baxter Healthcare Corp. and Transitions Optical Inc. hire more than 10,000 people locally. The medical field in Tampa benefits from CAMLS, one of the most cutting edge medical simulation training centers in the world.

Exclusively Listed By

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