2691 Placida Rd Englewood, FL 34224
High-yield Florida bank investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- NNN Leased to Truist Bank (S&P A-) with over five years remaining on the lease.
- 8.76% cap rate, above market.
- Rent increases annually at 3%.
- Potential for redevelopment or cost basis reduction via early lease termination with Truist.
- Located in Florida, a state with no income tax.
Property Details for 2691 Placida Rd
- Property type
- Retail properties, Banks
- Square Feet
- 3,030 SF
Location Insight
- City
- Englewood
- County
- Charlotte
- State
- Florida
- Latitude
- 26.9165746
- Longitude
- -82.3279705
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Florida bank investment.
- Where is the retail property located?
- The property is located at 2691 Placida Rd Englewood, FL.
- What is the asking price?
- The asking price for this property is $3,200,000.
- What are key features of this property?
- This property features: NNN Leased to Truist Bank (S&P A-) with over five years remaining on the lease.; 8.76% cap rate, above market.; Rent increases annually at 3%.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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