SunTrust Bank listing, 7.75% cap, 4-years term, corp guarantee NNN. It’s in a qualified opportunity zone, so if you close 12/31 you can lock in sustainable reductions on capital gains. All of the other QOZ deals in this area have been bought up already. Rent is pretty high and the lease has 3% annual increases, so there’s plenty of room to give them a rent reduction to make sure they exercise their options. Deposits are up 15% YoY.
Bring Offers! SunTrust Bank | 3% Annual Increases | Motivated for Year-End Close
This is one of the last QOZ deals available and the highest cap rate of all our listings. Look at the rent and cap rate. You can easily give them a reduction to get them to stay, reap the tax incentives, and then flip it down the line once the population grows. Which as you know in coastal FL it will! Given the 3k SF footprint, this could also be converted to a QSR w/ drive-thru. The seller is motivated for an end-of-year close, so call me ASAP to discuss.
BB&T and SunTrust merged to create Truist (NYSE: TFC)
Building Has a Drive-Thru
Qualified Opportunity Zone Tax Benefits for Net Lease Investors
Now is a great time to get into Qualified Opportunity Funds. There is not a lot of time left between now and the December 31st deadline, which we will get to later. As December 31st approaches, you could see increased competition with new investors entering the market which might diminish your potential gains as the market becomes more saturated with activity.
If you want to defer your capital gains from a prior or current investment, you can re-invest your gains into a QOF.https://www.northeastpcg.com/blog/qualified-opportunity-zones/
Read more about the Qualified Opportunity Zone tax incentive program here: https://www.nar.realtor/qualified-opportunity-zones
For More Information Please Contact Listing Agent
National Retail & Net Lease Properties Group
(786) 522- 7134 office