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Price Improvement - Low Rent NNN Wells Fargo 18499 Miramar Pky 3,796 SF Retail Building Miramar, FL 33029 $4,143,204 CAD ($1,091.47 CAD/SF) 5.01% Cap Rate
Investment Highlights
- Investment-Grade Tenancy — Wells Fargo Bank, N.A.
- Growing Rent — Strength Late in the Lease Term
- Sunset Lakes — Premier Suburban Miramar Location
- Rare Asset in a Supply-Constrained Market
- South Florida Net Lease Market Tailwinds
- $193,916 Average Income within 1-Mile (Experian)
Executive Summary
**Please Contact Aaron O'Connor - Lead Agent**
This offering presents an exceptional opportunity to acquire a single-tenant, net-leased Wells Fargo Bank branch at Sunset Lakes in Miramar, Florida — one of Broward County’s most affluent and supply-constrained suburban communities. The asset features a well-documented and increasing deposit schedule over the life of the lease, with the most recent annual escalation delivering meaningfully positive rent growth. With approximately five years of term remaining, this investment represents a rare chance to acquire a performing, investment-grade bank branch in a South Florida market where such assets seldom trade.
High-credit bank branches in suburban South Florida are among the scarcest net-lease assets in the national market. Negative net branch openings industry-wide and Wells Fargo’s own strategic consolidation have meaningfully reduced the supply of tradeable bank investments in the region. Investors seeking durable, passive income backed by one of the largest financial institutions in the world will find this offering to be a compelling and timely acquisition.
This offering presents an exceptional opportunity to acquire a single-tenant, net-leased Wells Fargo Bank branch at Sunset Lakes in Miramar, Florida — one of Broward County’s most affluent and supply-constrained suburban communities. The asset features a well-documented and increasing deposit schedule over the life of the lease, with the most recent annual escalation delivering meaningfully positive rent growth. With approximately five years of term remaining, this investment represents a rare chance to acquire a performing, investment-grade bank branch in a South Florida market where such assets seldom trade.
High-credit bank branches in suburban South Florida are among the scarcest net-lease assets in the national market. Negative net branch openings industry-wide and Wells Fargo’s own strategic consolidation have meaningfully reduced the supply of tradeable bank investments in the region. Investors seeking durable, passive income backed by one of the largest financial institutions in the world will find this offering to be a compelling and timely acquisition.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,796 SF
Building Class
C
Year Built
2002
Price
$4,143,204 CAD
Price Per SF
$1,091.47 CAD
Cap Rate
5.01%
NOI
$207,387 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.76 AC
Zoning
B-2, Miarmar - Commercial
Parking
30 Spaces (7.9 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-39-25-03-0151 | Improvements Assessment | $2,660,000 CAD |
| Land Assessment | $375,632 CAD | Total Assessment | $3,035,632 CAD |
Property Taxes
Parcel Number
51-39-25-03-0151
Land Assessment
$375,632 CAD
Improvements Assessment
$2,660,000 CAD
Total Assessment
$3,035,632 CAD
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Price Improvement - Low Rent NNN Wells Fargo | 18499 Miramar Pky
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