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Regions Bank

5252 Ehrlich Road | Tampa, FL

ASKING PRICE $2,767,800
CAP RATE 5.35%
CURRENT RENT $148,078 (March 2015)
INTEREST Fee Simple Ground Lease
BUILDING SIZE 3,053 SF
LAND SIZE 54,450 SF
METROPOLITAN AREA Tampa
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Transwestern is pleased to offer for sale to qualified investors a long-term ground leased property in Tampa, FL. The fee simple offering is 100 percent leased to Regions Bank. The lease commenced in March of 2005 and has a 20-year primary term, with four five-year tenant options to extend. Rent increases 12.5 percent every five years during the primary term as well as the option periods.

The subject property is located on the southeast corner of Ehrlich Road and W. Village Drive. Over 36,000 cars pass the property daily. The area has an average household income of $80,215 and a five-mile day time population of over 71,000 people.

Developed in 2005, the property consists of 54,450 square feet of land with a 3,053 square foot building. The duration of the corporate guaranteed lease, above average rent escalations, high barriers to entry, high traffic counts, and income-tax-free state make this property a solid long-term investment.

Regions had $122 billion in assets as of 2012, making it one of the nation’s top 15 banks. Regions’ banking subsidiary, Regions Bank, operates some 1,700 offices and 2,400 ATM’s across a 16-state geographic footprint in the South, Midwest and Texas.

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Andrew Watson
312.881.7065
andrew.watson@transwestern.com

Phillip I. Rosenberg, SIOR
847.588.5686
phil.rosenberg@transwestern.com

Sue Hightower
Florida Licensed Agent
The Property Stop, LLC
Florida Licensed Broker

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