32491 US Highway 19 N 5,645 SF Retail Building Palm Harbor, FL 34684 $4,495,000 ($796.28/SF) 5.52% Cap Rate

Introducing an exceptional investment opportunity - the PNC Bank Building in Palm Harbor, FL 34684. This property offers the security of an Absolute Net Ground Lease with a 20-year established credit tenant with more than 2.300 branch locations nationwide with a market cap over $75 billion dollars at a prime signalized location. Fully leased to PNC Bank, this Florida property benefits from the state's favorable tax environment. Priced at $4,495,000 with an existing CAP rate of 5.52%, this turnkey investment is a rare find in the market as the CAP rate jumps to 6.02% in just 7 months as a result of a 10% net rent increase. The property comes with a confidentiality agreement to ensure privacy and can be toured by appointment only through the brokerage. Don't miss out on this opportunity to add a stable income-generating asset to your portfolio. Submit your non-binding Letter of Intent to Purchase today to secure this premier commercial property. Contact the Broker for more details and to schedule a tour.