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    TD Bank
    $7,542,857
    Plus Fort Lauderdale, FL
    Offering Memorandum
    Lease Type
    Ground
    Cap Rate
    3.85%
    Property Type

    Retail

    Building Size
    3,964 SF
    NOI
    $290,400
    Land Area
    1.65 AC
    Remaining Term
    15 Years
    Status
    Under Contract
    Michael Zimmerman
    Michael Zimmerman
    Founder
    Property Highlights
    Exceptional Investment Opportunity

    This TD Bank branch was the company’s first net-zero energy location, meaning it produces as much power as it consumes thanks to over 400 solar panels on the parcel. (This location is LEED Platinum, the highest certification available.) The property features a long-term Ground lease with no landlord responsibilities for ease of ownership. This TD Bank branch is open seven days a week and holds over $129 million in deposits (as of June 2021). Deposits have increased by 80 percent at this location over the past five years.

    Accessible and Connected Retail Site

    The property faces Northwest 62nd Street and Cypress Creek Road (50,000 ADT) and is half a mile from the interchange with north-south artery Interstate 95 (233,000 ADT). More than 388,000 people currently live within just five miles of this TD Bank branch, a number that is expected to increase by at least 2.6 percent by 2026. Fort Lauderdale itself is the eighth-largest city in Florida and is a major tourist destination, attracting visitors from across the globe to its beautiful beaches, bustling cruise port and large convention center.

    Diverse Economic Base

    Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology, aerospace and film production. Fort Lauderdale is establishing itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses.

    TD Bank
    Fort Lauderdale, FL
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