SunTrust Bank on 466 in The Villages
Sold for $2,675,000 2365 Parr Drive The Villages, Florida 32162

Located on "Banker's Row" in The Villages. This is a rare opportunity to find one of these ground leases come available. Located on corner of C 466 with a full median cut into Preston Dr. This parcel also corners with Parr Dr. in the rear of the property.This is the easiest bank to get into and its right across 466 from the best section of Restaurants and Retail Shopping that The Villages has to offer. This section has some of the highest traffic counts in The Villages at 24,000 average daily trips. This is a absolute triple net lease with 4 years plus on the lease left, with 4-5 year extensions. Income is $167,970 a year and a 6% Cap Rate, Annual Rent Bumps tied to CPI. The actual building is 5,319 square feet with a 1,225 sf Drive thru. Please do not disturb tenant. A confidentially agreement will be required to sign before the lease can reviewed. This parcel has golf cart access!!