Fifth Third Bank Ground Lease

Special Purpose for Sale
Sale Pending
Catylist Listing ID: 30744370
Status: Pending
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.58 Acres
Sale Price: $3,937,500
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

Ian Black Real Estate is pleased to present the opportunity to purchase a 20 year ground lease for a new construction Fifth Third Bank. Rent commences August 20th of 2021 with 5% increases every five years. Fifth Third Bank has eight (8) five (5) year extension options. The property is located at a lighted intersection directly adjacent to a new O'Reilly Auto Parts and across the street from a Publix and Target anchored shopping center.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 5904900007
Zoning: GC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,235 88,816 186,009
Median Age: 45.35 43.28 44.67
Households: 8,707 38,815 80,528

Contact

Photograph of Listing Agent

Melissa Dawn Harris

IAN BLACK REAL ESTATE LLC MFCRE Member
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