Retail Space
1300 Palm Coast Parkway Southwest Palm Coast, FL 32137
Details & Description
Price: $6,471,557
    Marcus & Millichap is pleased to present for sale this BB&T Bank located in Palm Coast, Florida. This is a fee simple absolute NNN Lease has about Five years remaining on the base term and Four five-year Extension Options to renew. This lease has Three percent increases in the base rent every year during the base term of the lease and the renewal periods. This property has visibility to an average of 44,500 vehicles daily with its location on busy Palm Coast Highway SW with the convenience of Four Drive-up ATMs. In 2020, this branch boasted deposits exceeding $48 Million. This bank is located on an outparcel to Palm Coast Corners, which is a large 170,000+ square foot shopping plaza with Major Anchors Winn- Dixie and Bealls. Adjacent to this property is a 24-hour Walmart Supercenter and Home Depot. With its location along busy Palm Coast Highway SW, the property is nearby Publix Super Market, CVS Pharmacy, Anytime Fitness, and Auto Zone among others. This site has the advantage of direct on/off ramp access to I-95 (46,000+ Vehicles per day). Branch Banking and Trust (BB&T) is the Corporate Guarantee behind this lease with 2,049 branches in 15 states and Washington, D.C. and currently one of the largest banks in the United States according to assets. Palm Coast is a city in Flagler County, Florida with a population of over 89,800. It is the most populous city in Flagler County and is part of the Deltona-Dayton Beach-Ormond Beach Metropolitan Statistical Area which is the 88th largest MSA in the U.S. with a population of over 600,756. The economy of Palm Coast is driven by 30 mid-size businesses with Palm Coast Data Company being the largest and employing over 1,000 people. This area has had one of the highest rates of population growth since 1990, with Palm Coast, Florida more than doubling in population from 32,832 to 89,900 in 10 years. Palm Coast is a bedroom community for St. Augustine(25 miles to the North) and Daytona Beach(30 miles to the South). Interstate 95 crosses Palm Coast from north to South.
    Property Highlights
     Three Percent Annual Increases in Rent Every 5 Years in the Base term and 4 Extension
     Nearby Retailers include Lowes, Kohls, Belk, Publix, CVS, Anytime Fitness, Autozone
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1300 Palm Coast Parkway Southwest

    Palm Coast, FL 32137

    Listing ID: 275835
    • 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137 | for Sale | Photo 1
    • 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137 | for Sale | Photo 2
    • 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137 | for Sale | Photo 3
    1300 Palm Coast Parkway Southwest | for Sale | Thumbnail 1
    1300 Palm Coast Parkway Southwest | for Sale | Thumbnail 2
    1300 Palm Coast Parkway Southwest | for Sale | Thumbnail 3
    Building Size: 4,341 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $1,490.80
    Land $/SF:
    Price
    $6,471,557
    Property Highlights
    BBT Truist NYSE TFC Absolute NNN Fee Simple Lease
    Three Percent Annual Increases in Rent Every 5 Years in the Base term and 4 Extension
    Strong Corporate Guarantee from BBT Truist NYSE TFC with 2,049 Branches in the Uni
    Outparcel to Palm Coast Corners Bealls Winn-Dixie along Palm Coast Parkway 44,500
    24 Hour Walmart Supercenter and Home Depot Adjacent to the Property
    Nearby Retailers include Lowes, Kohls, Belk, Publix, CVS, Anytime Fitness, Autozone
    Description

    Marcus & Millichap is pleased to present for sale this BB&T Bank located in Palm Coast, Florida. This is a fee simple absolute NNN Lease has about Five years remaining on the base term and Four five-year Extension Options to renew. This lease has Three percent increases in the base rent every year during the base term of the lease and the renewal periods. This property has visibility to an average of 44,500 vehicles daily with its location on busy Palm Coast Highway SW with the convenience of Four Drive-up ATMs. In 2020, this branch boasted deposits exceeding $48 Million. This bank is located on an outparcel to Palm Coast Corners, which is a large 170,000+ square foot shopping plaza with Major Anchors Winn- Dixie and Bealls. Adjacent to this property is a 24-hour Walmart Supercenter and Home Depot. With its location along busy Palm Coast Highway SW, the property is nearby Publix Super Market, CVS Pharmacy, Anytime Fitness, and Auto Zone among others. This site has the advantage of direct on/off ramp access to I-95 (46,000+ Vehicles per day). Branch Banking and Trust (BB&T) is the Corporate Guarantee behind this lease with 2,049 branches in 15 states and Washington, D.C. and currently one of the largest banks in the United States according to assets. Palm Coast is a city in Flagler County, Florida with a population of over 89,800. It is the most populous city in Flagler County and is part of the Deltona-Dayton Beach-Ormond Beach Metropolitan Statistical Area which is the 88th largest MSA in the U.S. with a population of over 600,756. The economy of Palm Coast is driven by 30 mid-size businesses with Palm Coast Data Company being the largest and employing over 1,000 people. This area has had one of the highest rates of population growth since 1990, with Palm Coast, Florida more than doubling in population from 32,832 to 89,900 in 10 years. Palm Coast is a bedroom community for St. Augustine(25 miles to the North) and Daytona Beach(30 miles to the South). Interstate 95 crosses Palm Coast from north to South.

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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Palm Coast Area Market Trends

    Listing Demographics for 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 1300 Palm Coast Parkway Southwest in Palm Coast?
    The asking price for 1300 Palm Coast Parkway Southwest is $6,471,557
    What is the building size of this Retail property in Palm Coast, FL?
    The size of the building/unit at 1300 Palm Coast Parkway Southwest in Palm Coast is 4,341 square feet
    What kind of Retail is the property at 1300 Palm Coast Parkway Southwest?
    The property at 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137 is listed as a Banking Retail property
    What is the population within 1 mile of 1300 Palm Coast Parkway Southwest in Palm Coast?
    The population within 1 mile of 1300 Palm Coast Parkway Southwest Palm Coast, FL 32137 is 6,935 people.
    Who do I contact for questions about 1300 Palm Coast Parkway Southwest?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

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