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EverBank 20 Giralda Ave 4,663 SF Retail Building Coral Gables, FL 33134 $4,566,348 ($979.27/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease with Attractive Rental Increases
- Rare Retail Bank Condo with Parking Spaces, an ATM, and Drive-Thru Lanes
- Recently Signed Lease Extension
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for an EverBank located at 20 Giralda Avenue, Coral Gables, FL. The site consists of roughly 4,663 rentable square feet of building space. This EverBank is subject to a 5-year Triple Net (NNN) lease, which commenced 11/1/2010. The current annual rent is $262,565 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,663 SF
Building Class
B
Year Built
2007
Price
$4,566,348
Price Per SF
$979.27
Cap Rate
5.75%
NOI
$262,565
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.11 AC
Zoning
6400
Parking
13 Spaces (2.79 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (97)
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EverBank | 20 Giralda Ave
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