Oakland Park Bank Investment
1790 E Commercial Blvd, Oakland Park, FL
Call to check price and availability
NNN leased Synovus Bank with 15+ years remaining in Oakland Park.
Type:RETAIL
Property size:
2,800 SFLot size:
0.44 AcresPrice / SF:
$2,000/SF- Added:
- Apr 24, 2024
- Days on Market:
- 759
- Last Refresh:
- Apr 5 at 11:08 pm
Property Features for 1790 E Commercial Blvd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.44 Acres
- Property subtype
- RETAIL
Listing agent Patrick Nutt License #0225193951
Listing office SRS Real Estate Partners | Fort Lauderdale (954) 703-3600
Listing date Apr 24, 2024
Source Moodyscre
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 | Fort Lauderdale
HighLights
- 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.
- Tenant handles CAM, taxes, insurance, and premises maintenance.
- Limited landlord responsibilities (structure only) for passive income.
- Located in a state with no state income tax.
Overview
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
- -80.123
- Latitude
- 26.1454
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.
