NNN Bank Ground
For Sale
Contact for pricing
2501 W Bay Dr, Largo, FL 33770
Newly constructed banking facility with a drive-through ATM and a long-term absolute NNN lease.
Property SizeContact for details
Days on Market143
Property Features for 2501 W Bay Dr
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This newly constructed bank facility is subject to a 20-year absolute NNN ground lease with four additional five-year extension options. Fifth Third Bank N.A. is the tenant and carries an S&P rating of A-. Contractual rent increases of 10% occur every five years and when extension options begin. The tenant is responsible for CAM, real estate taxes, insurance, and maintenance of the premises, leaving the landlord without property-level operating responsibilities.
The property includes a drive-through ATM and fronts W. Bay Drive at 2501 W Bay Dr in Largo. It is near the signalized intersection of Indian Rocks Road and W. Bay Drive, with access toward the S. Belleair Causeway and US Highway 19. Nearby national and credit retailers include Publix, Walgreens, and Panera Bread. The surrounding trade area includes more than 206,000 residents and 90,000 employees within five miles.
The property includes a drive-through ATM and fronts W. Bay Drive at 2501 W Bay Dr in Largo. It is near the signalized intersection of Indian Rocks Road and W. Bay Drive, with access toward the S. Belleair Causeway and US Highway 19. Nearby national and credit retailers include Publix, Walgreens, and Panera Bread. The surrounding trade area includes more than 206,000 residents and 90,000 employees within five miles.
Key Highlights
- 20‑year absolute NNN ground lease with four five‑year extension options
- Fifth Third Bank N.A. tenant with an S&P credit rating of A-
- 10% rent increases every five years and at each option period
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 32%
Dining 28%
Beauty & Spa 2%
Publix
Groceries
32,546 visits/mo
0.2 miles
Speedway
Shops & Services
12,305 visits/mo
0.3 miles
Panera Bread
Dining
11,002 visits/mo
0.4 miles
Bonefish Grill
Dining
8,662 visits/mo
0.4 miles
Bank of America
Shops & Services
4,935 visits/mo
0.2 miles
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed banking facility with a drive-through ATM and a long-term absolute NNN lease.
Where is this nnn property located?
The property is located at 2501 W Bay Dr Largo, FL.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease with four five‑year extension options; Fifth Third Bank N.A. tenant with an S&P credit rating of A-; 10% rent increases every five years and at each option period
