Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 15-year Regions Bank ground lease in Delray Beach, FL. Regions is currently under construction and is scheduled to open in September. Rent commenced June 17 and will increase 10% every 5 years during the base term and option periods.
Investment Highlights
Rare Generational South FL Real Estate
New 15-Year Regions Bank Ground Lease in top South Florida market
Relocation Branch
Regions is relocating from a nearby branch and building its latest double drive-thru prototype to better service its established customer base
Affluent Market With High Barriers to Entry
Delray Beach has the distinction of being both densely populated and affluent and as a result, has extremely high barriers to entry and high intrinsic land values
Strategic Location
Shared traffic signal with Publix and Chick-fil-A fronting 43,500 VPD along Atlantic Ave., Delray’s primary East/West retail corridor
Passive Ownership
Absolute Net Ground Lease provides completely passive ownership and stable cash flow for absentee owner
Inflation Hedge
Fixed 10% increases provide a hedge against inflation and an average return of 4.91% over the base term of the lease
Investment Grade Credit
Regions Bank is rated A- by Standard & Poors with a stable outlook and reported revenue of $7.6 billion in 2023
Positive Demographic Trends
Florida has no state income tax and in 2022 ranked as the fastest growing State in the US
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