Property Highlights
- Wells Fargo ground lease with long term operating history ($150 million in deposits)
- Below market rent ($22.81/SF) and priced below replacement cost
- Wells Fargo is the third largest bank in the U.S. with over $1.7 trillion in assets and has an Investment grade credit rating (S&P: A-)
- Outparcel to Lowe’s Home Improvement Center
- Located along US Highway 441 the primary retail thoroughfare serving Lady Lake and The Villages
- Recent capital improvements by tenant including all new LED parking lot lighting and new HVAC
- The Villages is the largest age-restricted development in the world and was named the fastest growing MSA by the U.S. Census Bureau for the decade 2010-2019
- In January of 2020, RCLCO named The Villages as the top selling master planned community for the seventh consecutive year with 2,439 new homes sold
- Ideal investment for passive investor with no landlord maintenance obligations
- Florida has no state income tax