2691 Placida Rd, Englewood, FL 34224-5558
- Banks
- 3,012 SF
- 0.54 lot acres
Current Use by Public Records
- Banks
Property Details for 2691 Placida Rd
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.54 lot acres
- Zone code
- CG COMMERCIAL-GENERAL
- Property type
- Banks
- APN
- 41-20-08-462-002
- APU
- 412008462002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 21, 2019 | — | Pontus Vault Portfolio LLC | — | Deed · related | $106.3M · Pacific Wstrn Bk |
| Oct 9, 2007 | — | First States Invtrs 6000c | First States Invtrs 3137 LLC | Quit Claim Deed | $22.7M · Lasalle National Bank |
| Dec 5, 2005 | $648,000 | First States Invtrs 3137 LLC | Wachovia Bank NA | Grant Deed | — |
| — | — | Pontus Vault Portfolio LLC | — | Deed Of Trust | $106.3M · Cantor Com'l R/e Lndg |
| — | — | Pontus Vault Portfolio LLC | — | Loan Modification · related | $106.3M · Pacific Wstrn Bk |
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN lease on a 3,030 square foot former Truist Bank branch located at 2691 Placida Rd, Englewood, FL 34224. The property boasts a strong 11.70% cap rate and a current NOI of $374,535, with a lease expiration date of November 30, 2025, leaving one year remaining on the lease term. The tenant possesses a credit rating, ensuring financial stability. The property sits on a sizable 0.54-acre lot at a hard-corner, signalized intersection of Placida Road and Mississippi Avenue, experiencing daily traffic counts exceeding 15,800 vehicles. The asking price is $3,200,000, translating to a price per square foot of $1,056.11. Rent increases annually at 3%. The property benefits from its location in a thriving community near Englewood Community Hospital, Cape Coral Hospital, several schools (including Vineland Elementary, Heritage Christian Academy, and Lemon Bay High School), Southern Technical College, Myakka River State Park, and Grove City Walking Park. This presents a compelling investment opportunity in a desirable Florida location with significant upside potential. The property is currently 100% occupied. The investment is further enhanced by Florida's no-income-tax status.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Charlotte
- State
- Florida
- Longitude
- -82.328
- Latitude
- 26.9166
- CBSA code
- 39460
- CBSA name
- PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA
