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Synovus Bank

Vero Beach, Florida

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NNN Pro Group is pleased to present the exclusive listing for a Synovus Bank located at 4000 20th Street in Vero Beach, Florida. The site consists of roughly 3,350 rentable square feet of building space on estimated 0.67-acre parcel of land. This Synovus Bank has just over two years reaming on an absolute triple-net (NNN) lease. The current annual rent is $165,500 and is scheduled to increase by 3% annually throughout the base term and in each of the 2, 5-year renewal options.

✓ Over Two (2) Years Remaining On an Absolute Triple Net (NNN) Lease
✓ Three Percent (3.00%) Rental Increases Annually
✓ Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 12+ Years

Key Details

Price:
$2,875,000
Cap Rate:
5.75%
Annual Rent:
$165,500
Address:
4000 20th Street, Vero Beach, Florida 32960
Lease Type:
Triple Net (NNN)

Lease Term Remaining:
~3 Years
Rental Increases:
3% Annually
Lot Size:
.67 Acres
Building Size:
3,350 SF
Year Built:
1984
Year Renovated:
1995
Tenant:
Synovus Bank

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646


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