1790 E Commercial Blvd Oakland Park, FL
NNN leased Synovus Bank with 15+ years remaining in Oakland Park.
Property size:
2,800 SFLot size:
0.44 AcresProperty Features for 1790 E Commercial Blvd
General Information
- Size
- 2,800 SF
- Lot size
- 0.44 Acres
Source:
Moodyscre
Listing Agent: Patrick Nutt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Park Bank Investment Opportunity
This property is leased to Synovus Bank, which operates over 350 locations nationwide. The lease is corporate signed by Synovus Bank. The tenant pays for CAM, taxes, and insurance, and maintains the premises. Landlord responsibilities are limited to maintaining the structure, making this an ideal, low-management investment for a passive investor. The lease features 10% rental increases every 5 years and at the beginning of each option period. Synovus Bank has over 15 years remaining on their current term with 3 (5-year) options to extend, demonstrating their commitment to the site. The property is located in Oakland Park, Florida, a state with no state income tax. The building size is 2,800 square feet.
Location Intelligence
Current Use by Public Records
Banks
Map
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.123024
- Latitude
- 26.14536
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - NNN leased Synovus Bank with 15+ years remaining in Oakland Park.
Where is this bank located?
The property is located at 1790 E Commercial Blvd Oakland Park, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: - Long-term lease with Synovus Bank (15+ years remaining) demonstrates commitment.; - Corporate lease signed by Synovus Bank, a national operator with over 350 locations.; - 10% rental increases every 5 years and at option periods, increasing NOI.