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2123 US Hwy 19

Holiday, FL 34691

$7,050,000

Bank For Sale  •  7,510 Sq Ft

Property Details

  • Property Type Bank
  • Total Building Size 7,510 Sq Ft
  • Lot Size 3.55 ac
  • Building Class C
  • Year Built 1973
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning C2, Holiday
28 Transit Score
64 Walk Score

Description

Single-Tenant SunTrust Bank: 
- Absolute NNN lease
- 7+ years of firm lease term remaining
- Rare 3% annual rent increases including options
- Four lane drive-thru and walk-up ATMs

Investment Grade Credit: SunTrust (S&P: BBB+, NYSE: STI) has assets exceeding $208 billion and market capitalization of $30.7 billion  
- SunTrust is a Fortune 500 company with over 2,100 locations
- SunTrust has increased its shareholder ROI by 306% since 2012
- SunTrust has outperformed its bank peer group 5 out of last 6 years

#1 Deposits in Zip Code: $71 million in 2018; 69% increase since 2015

Oversized Parcel: The property sits on 3.55 acres on the hard corner of Highway 19 and Lange Road

Located on High Traffic Street: Over 77,000 CPD

Tampa-St. Petersburg MSA Location (3 million people)
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
SunTrust Bank 7,510 SF 11/30/2025

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Saint Petersburg-Clearwater International Airport 37 min - 21.8 mi
Tampa International Airport 45 min - 31.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 55
Type: Surface
Included in Rent: Yes
Eric Wohl 844-585-7673 Hanley Investment Group
Eric Wohl 844-585-7673 Hanley Investment Group