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5834 FL-100
Palm Coast, FL 32164

$4,409,000 USD

Bank For Sale  •  2,500 SF

Property Details

  • Property Type Bank
  • Total Building Size 2,500 SF
  • Lot Size 0.85 AC
  • Building Class B
  • Year Built 2026
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning Commercial
30 Walk Score

Highlights

Space Coast Credit Union has grown to 67 branches and $9 Billion in assets making it one of the largest credit unions in FL
Absolute Net Lease provides completely passive ownership and stable cash flow for absentee owner
Fee simple ownership of the building allows for depreciation boosting after tax returns
Flagler County is the 3rd fastest growing County in the state of FL with annual population growth of +/- 4%
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Located in between high volume retailers (Super Target, BJ's Wholesale Club), and new master-planned communities (2,000+ homes)
Cap Rate: 5.50 %

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 36 min - 26.1 mi
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners