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| Price $2,841,000 | Built/Renov 2024 | Tenant Fifth Third Bank (GL) |
| Cap Rate 4.40% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
1,900
| Lease Start
01-01-2025
| #Units
1,100
|
| Price/SF $1,495.26 | Expiration
01-31-2045
| Tenant Type Bank/Financial |
| NOI $125,000 | R. Term 19.3 | Ownership Ground Lease |
| Rent/SF
$65.79
| Increases 10.0%/5/yrs | Pop 5Mi 54,661 |
| Lot/AC 0.92 | Options 4/5yrs/10% | AHHI 5Mi $76,728 |
| | |
This newly constructed Fifth Third Bank is strategically located on US Hwy. 27 which sees 25,000 vehicles passing by daily. The site benefits from being just over a mile from Interstate 75 (90,000+ VPD), a major north-south highway that runs from Miami, Florida to Sault Ste. Marie, Michigan at the Canadian border, allowing users convenient on/off ramp access to the subject property and...
...New construction
Freeway close
Highway location
Major MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
Fifth Third Bank, a subsidiary of Fifth Third Bancorp, is a diversified financial services company. As of March 2023, Fifth Third had $171 billion in assets and operated more than 1,100...
| 1 Miles | 3 Miles | 5 Miles | |
| 2030 Total Population : | 4,618 | 23,691 | 63,798 |
| 2025 Total Population : | 4,079 | 21,347 | 59,574 |
| 2025 Employed Civilian Pop : | 1,313 | 7,719 | 23,446 |
| 2025 Total Businesses : | 131 | 983 | 4,385 |
| 2025 Average Household Income : | $ 93,865 | $ 80,220 | $ 80,320 |
| 2025 Total Consumer Spending : | $ 187 M | $ 651 M | $ 1735 M |
| 2025 Median Age : | 70 | 49 | 42 |
| 2025 Total Households : | 2,299 | 9,228 | 24,540 |
| 2025 Pop Age 25+: Bachelor's Degree : | 838 | 2,524 | 7,006 |
| 2025 Average Home Value : | $ 342,162 | $ 314,789 | $ 335,762 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| NW 49th Ave | 2022 | 21,500 | 0.20 mi | |
| NW 44th Ave | Old Blitchton Rd | 2008 | 6,900 | 0.23 mi |
| Old Blitchton Rd | NW 49th Ave | 2004 | 25,000 | 0.36 mi |
| Old Blitchton Rd | NW 45th Ct | 2008 | 25,000 | 0.40 mi |
| I- 75 | NW Nb I75 | 2008 | 58,500 | 0.81 mi |
| US Hwy 27 | 2022 | 2,400 | 0.83 mi | |
| Old Blitchton Rd | 2022 | 2,300 | 0.90 mi | |
| NW 17th Pl | 2022 | 8,300 | 0.96 mi | |
| NW 38th Ave | NW 14th St | 2005 | 6,800 | 1.00 mi |
| Old Blitchton Rd | 2022 | 7,900 | 1.02 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
