Property Highlights
• High profile outparcel to Main Street at Boynton, a new luxury mixed-use development anchored by Sprouts Farmers Market and 130 residential units
• Rare opportunity to own generational real estate in Palm Beach County
• Relocation of legacy branch with existing deposit ($183M) and customer base
• New 15-year ground lease provides long term cash flow and passive ownership
• Corporate guarantee from investment grade tenant (Fitch: BBB) with $54 Billion in assets
• 10% rent increases every 5 years provide excellent hedge against inflation
• Latest branch prototype with drive-thru teller and ATM service
• Strategic location in affluent trade area (3-mile AHHI: $101,115)
• Dense, infill market with migratory tail wind (3-mile population: 93,446)
• Super-regional intersection with 80,500 cars/day
• Completely passive investment with zero landlord maintenance obligations
• Florida has no state income tax