Suntrust Bank Punta Gorda, FL

1225 Tamiami Trail
Punta Gorda, FL

Price: $4,348,000
Cap Rate: 5.70%
NOI: $247,858
Building Size: Approx. 6,481 Sq. Ft.
Lot Size: Approx. 1.59 Acres
Type: Single-Tenant / Retail
Sub Category: Bank / Financial
Year Built: 1981

Investment Overview

  • 6,481+/- SF Building on 1.59 +/- Acre Site
  • Absolute NNN long term Corporate Lease with approximately 8.5 years remaining and 1.5% annual increases
  • Strategically located along the Tamiami Trail (49,500 VPD) and west McKenzie St. with high traffic counts at a signalized hard corner
  • Oversized lot (1.59 acres) with 51 parking spaces | Four points of Ingress/Egress
  • Less than 3.5 miles west of Punta Gorda Airport (1.6M+ annual passengers)
  • Substantial branch deposits of over $142+ million | 3rd largest deposit base in Punta Gorda