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4760 W Atlantic Ave
Delray Beach, FL 33445
Retail Property For Sale
Investment Highlights
- 15-year absolute NNN ground lease to Regions Bank, a stable investment grade tenant, with an "A-" rating from Standard and Poor's
- Regions Financial Corp (NYSE: RF) is one of the largest full-service providers of consumer and commercial banking, with over $155 billion in assets
- 10% rental increases every 5 years in both the initial term and the option periods provides an investor with a long-term passive income generator
- This Regions Bank is a relocation from a highly successful nearby site, establishing a strong built-in customer base
- Regions Bank had over $127.8 billion in total deposits during the fiscal year of 2023
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,904 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
B-1 - intended to provide for low-intensity retail and personal service uses that serve the needs of relatively small land areas.
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
123’ on West Atlantic Avenue
Property Taxes
| Parcel Number | 12-42-46-13-01-000-0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,094,586 |
Property Taxes
Parcel Number
12-42-46-13-01-000-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,094,586
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