High Growth Area of Florida
- Subject site is located approximately 20 miles from Tampa, FL and approximately 11 miles from Lakeland, FL
- Plant City, FL has a population of 40,367 (July 2022 - US Census)
- Tampa Bay MSA grew 5.6% from 2016-2021 (3.219M People)
- DR Horton plans to build 2,000 homes in Plant City, FL just 15 minutes (7.7 miles) from the subject site
Corporate Absolute NNN Lease
- Lease signed with TD Bank Corporate (S&P Rating: AA-)
- Absolute NNN lease provides next owner with zero LL responsibility
- 10% rent increases every five years (including options) provides owner with inflation hedge
Strategic Market for TD Bank
- TD Bank is the 10th largest bank in the Country ($401.25B AUM)
- Over 1,100 branches and TD plans to open 50+ branches in Florida in the next 5 years
- TD Bank’s 2022 revenue was $36.1B
Recently Renovated Building with Major Tenant Improvements
- Building was fully renovated to the TD model in 2023
- Tenant capital improvements include new windows and HVAC with warranties
- The building has 3 drive-through lanes in order to service customers quickly and efficiently
Strong Positioning in Retail Corridor
- 2.5M SF of retail space within a 2-mile radius with less than a 2% vacancy rate
- Nearby national retailers include Walmart, Lowes, Publix, Starbucks, Panera Bread
- Located at a lighted intersection on W. Alexander St (8200 AADT)
- Direct access to Lake Walden Square, a 173K SF outdoor shopping center that attracted 2.3M visitors in 2022
Near Major Market Drivers
- Adjacent to Plant City High School (2.3K students)
- Approximately 1.8 miles to Winn-Dixie Distribution Center (836K SF Distribution Facility)
- Approximately 3 miles to Gordon Food Services (1M SF Cold Storage Facility)
State of Florida Benefits - The Fastest Growing State in The US
- No state income tax in the State of Florida
- The State of Florida grew 1.91% in 2022, and was the 8th fastest growing state from 2010 to 2022 (18.92% population change)