TD Bank NNN Fee Simple Lease | Very Strong Deposits

3325 W Hillsboro Blvd, Deerfield Beach, FL 33442, USA
$10,160,640

Description

Marcus & Millichap is pleased to present for sale this TD Bank Fee Simple Asset located in Deerfield Beach, Florida. This property is situated as an outparcel to a very busy 250,000 Square Foot Super Target Anchored Shopping Center which includes National Retailers Petco, Hobby Lobby, Super Target, Bank of America, Mattress Firm, Great Clips, Visionworks, CVS and Starbucks. Many high density residential communities surround the property including Century Village with 6,000 condominiums. Deer Creek Golf & Country Club is a 600-acre residential community located on the North side of the Property.This 6,330 Square Foot Bank Branch has direct exposure to more than 45,000 vehicles per day on busy Hillsborough Boulevard. TD Bank boasts very strong, year over year deposits exceeding $145 Million per year at this branch. Major retailers in close vicinity to the property include Publix, T.J. Maxx, Marshall’s, Rainbow Shops, Sprint, Taco Bell, FedEx, Advanced Auto Parts, Dunkin Donuts, Mobil, Michaels, Ross and Aldi’s.
Deerfield Beach is a city in Broward County, Florida, just south of the Palm Beach County line and a short 30 minute drive to Miami. The city is named for the numerous deer that once roamed the
area. With a 2020 population of 81,915, it is the 32nd largest city in Florida and the 428th largest city in the United States. Deerfield Beach is currently growing at a rate of 0.65 percent annually and its population has increased by 9.19 percent since the most recent census, which recorded a population of 75,018 in 2010.
TD Bank is an American national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank. It operates primarily across the East Coast, in fifteen states and Washington D.C. TD Bank is the seventh-largest U.S. bank by deposits and 8th largest bank in the United States by total assets.

  • TD Bank (NYSE: TD) Absolute NNN Fee Simple Lease Allowing for Depreciation
  • Very Strong Deposits | $145 Million in 2020 | 22% Increase from 2019
  • Outparcel to a 250,000 Square Foot Super Target Anchored Shopping Center
  • Direct Exposure to more than 45,000 Vehicles Per Day on Hillsborough Boulevard, a major East West Corridor connecting I-95 and the Florida Turnpike
  • Located a few parcels away from the intersection of Hillsborough Boulevard and Powerline Road with Traffic Counts Exceeding 78,000 Vehicles Per Day
  • Dense/High Income Demographics: 333,000 People in a 5 Mile Radius with Average Household Income Exceeding $92,000
  • Florida Is a No Income Tax State

Property Documents

  • TD-Bank-Deerfield-Beach-FL-om-ib
  • City: Deerfield Beach
  • State/county: Florida
  • Zip/Postal Code: 33442
  • Country: United States

Detail

  • Price: $10,160,640
  • Year Built: 1986

Additional details

  • CAP RATE: 6.25%
  • NOI: $635,040

Features

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