For Sale

Fifth Third Bank

Name: Katz & Associates
Address: 920 Sylvan Avenue, Englewood Cliffs, New Jersey, 07632, United States
Telephone: 2017318511
Price range: $

0.91 Acre

Lake Worth, FL

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Highlights

Katz & Associates is pleased to offer for sale to qualified investors the opportunity to purchase a Ground Lease interest in the Fifth Third Bank asset located in Lake Worth, Florida (the “Property”).
The Property consists of a 1,900-square-foot freestanding retail building on a 0.91-acre parcel of land. Fifth Third recently completed construction on this brand-new building and is operating under a fresh 20-year lease.
The lease also features 10% rental escalations every five years throughout the remaining base term, providing investors with a hedge against inflation.
The Property is shadow anchored by Walmart (1.8M+ visits and $57.9M+ in sales per Placer.ai) and a brand-new Crunch Fitness.
The Property’s surrounding demographics feature 121K+ residents earning an average household income over $89K within 3 miles.
The Property presents a long-term opportunity to acquire a brand-new bank asset in a highly desirable trade area.

Possession Immediate

Price $3,182,000