Truist Bank - Boynton Beach, FL_Property for Sale
Truist Bank - Boynton Beach, FL_Property for Sale
9909 Hagen Ranch Rd, Boynton Beach, FL, 33437, US

Truist Bank - Boynton Beach, FL

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground leased interest in a freestanding single-tenant Truist Bank regional bank branch located at 9909 Hagen Ranch Road, Boynton Beach, FL (“Property” or “Asset”).


Initially constructed as a build-to-suit for the Tenant in 2010, the Asset features an investment grade corporate guaranty from Truist Bank (S&P: ‘A-’), 5.4 years of lease term remaining and limited landlord responsibilities.


This unique and rare opportunity allows investors the ability to acquire an infill regional bank branch with high value intrinsic real estate situated the affluent Boynton Beach submarket. The asset offers secure, long-term cash flow backed by an investment grade financial services firm that contains over $542.7 billion in total assets.

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Attributes

Asking price
CA$7,678,000
NOI
CA$549,000
Cap rate
7.15%
WAULT
5.4 years
Building area gross
351 sm
Year built
2010
Land area gross
0.36 ha
Occupancy
100%

Media

Investment highlights

  • Corporate Guarantee (S&P: A-)
  • 5.4-Yrs Remaining on Absolute NNN Lease
  • Proximate to Baptist Health Hospital
  • $112,000 Average Household Income
  • Zero Landlord Responsibilities
  • #8 Largest Bank in the U.S.
  • Attractive Near Term 12.5% Increase
  • 46% Deposit Growth Since 2018
  • High Traffic Corner with 73,500+ VPD
Truist Bank - Boynton Beach, FL 4_Property for Sale

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Truist Bank - Boynton Beach, FL (0 Properties)

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Last updated
Sep 26, 2024