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PNC Bank 3260 N University Dr 4,455 SF Retail Building Sunrise, FL 33322 $5,390,000 ($1,209.88/SF) 5.50% Cap Rate

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Investment Highlights

Established Investment Grade Tenant
Long-Term NNN Lease with Rent Growth

Strong Corporate Credit
Strategic Ground Lease Structure

Executive Summary

Surmount is pleased to present the exclusive listing for a PNC Bank located at 3260 N University Drive , Sunrise, FL 33351. The site consists of roughly 4,455 rentable square feet of building space on an estimated 0.9-acre parcel of land. This PNC Bank is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 4/1/2013. The current annual rent is $296,450 and has scheduled increases of 10.00% every 5 years.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

4,455 SF

Building Class

Year Built

2013

Price

$5,390,000

Price Per SF

$1,209.88

Cap Rate

5.50%

NOI

$296,450

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.90 AC

Zoning

B-3

Frontage

193’ on N University Dr

Bus Line
Pylon Sign

Signage

Signalized Intersection

Drive Thru

Silver

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)