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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
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
B
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
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-41-21-06-0010 | Improvements Assessment | $2,302,960 |
| Land Assessment | $989,620 | Total Assessment | $3,292,580 |
PROPERTY TAXES
Parcel Number
49-41-21-06-0010
Land Assessment
$989,620
Improvements Assessment
$2,302,960
Total Assessment
$3,292,580
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PNC Bank | 3260 N University Dr
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