Pilot Bank 15-Year NNN Lease | Tampa, FL

408 S MacDill Ave, Tampa, FL 33609, USA
$3,954,454

Description

Marcus & Millichap is pleased to present for sale this Pilot Bank in Tampa, Florida. Pilot bank signed a 15-year absolute NNN Lease with 2.5% annual increases in rent during the base term and the option periods. This infill bank branch is only a short 10 minute drive from Tampa International Airport and less than three miles from Raymond James Stadium, the host of the 2021 Super Bowl.
Tampa General Hospital with 957-beds Is a short 9 minute drive from this bank branch. Also within a few minutes of the property is Memorial Hospital of Tampa with 183 beds. Nine minutes from the property is College of Natural & Health Sciences (Part of University of Tampa with 9,600 Students.) Also nine minutes from this property is Hillsborough Community College with 27,955 enrolled students.
Several well-known neighborhoods surround this property including Parkland Estates with 1,040 residents and 480 households; Oakford Park neighborhood with a population of 1,473 and New Suburb Beautiful with 921 residents. Many established and fully rented apartment communities also surround the property including Chateau Apartments (2 minutes away); Tara House Apartments (three minutes away); Brooklyn Flats, Palm Vista Apartments (one minute away).
Tampa is a city on Tampa Bay, along Florida’s Gulf Coast with a booming population of 387,916. Tampa is a major U.S. business center which is also popular for its museums and other cultural offerings. According to Zillow, Tampa is one of the Top Ten Hot Areas to Move in the U.S. because of its livability and job creation with MacDill Air Force Base and Port of Tampa nearby, and offering thousands of jobs for families. MacDill AF Base employs 9,876 active duty personnel, 4,073 civilians and providing 14,500 jobs and $1.96 billion in payroll. The city of Tampa operates over 165 parks and beaches covering 2,286 acres within Tampa city limits.
Pilot Bank is a full service bank providing retail and commercial services to individuals, businesses and institutions in the greater Tampa Bay and Lakeland, Florida areas. In 1987 it was chartered by the State of Florida and has served Tampa Bay as a community bank for over 30 years and has grown to over $585 Million in assets. The bank’s holding company, Pilot Bancshares, Inc. was established in October 1995 and soon after the company acquired a specialized lending organization called National Aircraft Finance Company (NAFCO). NAFCO serves clients across the U.S. by providing specialized and customized financing of general aviation from helicopters to corporate airplanes. NAFCO is affiliated with the Aircraft Owners and Pilots Association and is very well known in the aviation industry.

  • Long Term 15-Year Absolute NNN Fee Simple Lease with 2.5 Percent Annual Increases in Rent
  • Corporate Guaranteed Lease with Rare Triple Drive Thru
  • Minutes from Bayshore Gardens, a high end waterfront community with homes in excess of $3.6 Million
  • A Short 8 Minute Drive to Raymond James Stadium: Host of the 2021 Super Bowl
  • Short 7 Minute Drive to Water Street Tampa, a $3 Billion 56 Acre Project Backed by Bill Gates and Jeff Vinik
  • 9 Minutes from Hillsborough Community College with 27,955 Enrolled Students & 11 Minutes from College of Natural 7 Health Sciences (University of Tampa with 9,600 Students)
  • Average Household Income Exceeds $117,000 in a 3-Mile Radius
  • Dense Population: More than 114,000 People in 3-Mile Radius
  • Florida is a No Income Tax State

Property Documents

  • City: Tampa
  • State/county: Florida
  • Zip/Postal Code: 33609
  • Country: United States

Detail

  • Price: $3,954,454
  • Year Built: 2002

Additional details

  • CAP RATE: 4.40%
  • NOI: $174,000

Features

Similar Properties

Featured
ClosedNNNTriple-Net
$3,756,522
ClosedNNNTriple-Net

Service King in Tampa, FL | Absolute Triple Net Lease

1601 E Busch Blvd, Tampa, FL 33612, USA

Single Tenant Net Lease

$3,756,522

Single Tenant Net Lease