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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Fdd7aa069-f4e4-4746-b9f2-acd5340b6528%2F60b34f06-cb20-4d72-8f6f-7f2fafac0bb6" onerror="this.style.display='none'" alt="Fifth Third Bank Port St. Lucie, FL Image" style="object-fit: cover; width: 200px;" />
 Retail 
 
 Fifth Third Bank Port St. Lucie, FL
 
 Port St. Lucie, FL 
 By Atlantic Retail

 <a href="/user/7ea1b666-069b-49fb-b3d9-8b6d16271729" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Patrick Wagor</a>
 
 EVP
 
 
 <a href="tel:(561) 427-6151" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(561) 427-6151</a>
 

 <a href="https://platform.reverecre.com/project/dd7aa069-f4e4-4746-b9f2-acd5340b6528" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Atlantic Capital Partners, the investment sales platform of Atlantic Retail, offers institutional quality real estate advisory services that include sale, financing and debt placement, and recapitalization of retail properties throughout the US.

For more than 29 years, our brokers have been earning client confidence through diligent deal-making, savvy market insight, and above-and-beyond service.

Clients rely on our deep market knowledge, solid industry relationships, and deal-making experience to successfully navigate sophisticated transactions. Whether it’s realizing an aggressive regional expansion plan or helping a long-time owner reinvent a complex retail property, our dedicated and resourceful brokers help you move ahead with confidence.

Head of Capital Markets

Executive Vice President - Capital Markets - Atlantic Retail

Head of Net Lease Sales

Executive Vice President

Rare Publix outparcel at the main entrance to Tradition, one of Florida's largest and most successful master-planned communities (40,000 residential units)

Full access from signalized intersection shared by Publix, Fresh Market, Target, TJ Maxx, Ulta, LA Fitness, and Panera Bread

Fifth Third is rated A- by Fitch and operates +/- 1,200 branches across 10 states

Tradition is an 8,300-acre master-planned community that has grown annually by 10% - 13% with average household incomes exceeding $114,000 in 1 mile

20-year lease and multi-million dollar investment demonstrates Fifth Third's long-term commitment to this site

Absolute Net Ground Lease provides completely passive ownership and stable cash flow for absentee owner

Fixed 10% increase provides hedge against inflation and an average return of 4.93% over the base term of the lease

Florida has no state income tax and in 2022 ranked as the fastest growing State in the US

Sales Team

Atlantic Capital Partners has been exclusively engaged to solicit offers for this new 20-year Fifth Third Bank ground lease in Port St. Lucie, FL. Fifth Third is currently under construction and is scheduled to open in November. Rent will commence on October 14 and increase 10% every 5 years during the base term and option periods.

Patrick joined Atlantic in 2013 as a broker in the West Palm Beach office. Since that time, Patrick has executed growth strategies for national retailers and restaurants and represented developers in their ground up and project leasing efforts. In 2018, Patrick transitioned to Atlantic’s capital markets team, Atlantic Capital Partners, where he specializes in Single and Multi-Tenant Net Lease asset advisory and leads the efforts in Florida.

Prior to joining Atlantic, Patrick gained valuable experience leasing shopping centers in Southeast FL on behalf of Woolbright Development and as an investment sales broker at Marcus & Millichap in their Orlando office.

Born and raised in Florida, Patrick received his undergraduate degree from the University of Central Florida, and a Master’s Degree in Real Estate from the University of Florida.

Overview

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