Synovus Bank - Weston | 4499 Weston Rd
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Synovus Bank - Weston 4499 Weston Rd
4,100 SF Retail Building Weston, FL 33331 £3,513,316 (£857/SF) 4.75% Net Initial Yield
Investment Highlights
- Corporate Guarantee Synovus | $60 Billion in Assets
- Attractive Annual 2% Rent Increases
- Excellent Access and Visibility | Just off the Exit from Interstate-75 | Daily Traffic Counts Exceeding 150,638
- Absolute NNN Fee Simple Lease | No Landlord Responsibilities
- Hard Signalized Intersection | Traffic Counts Exceed 35,696 per Day
- Affluent Market | AHHI Exceed $169,000, $183,000, and $149,000 in the 1, 3 and 5-mile radiuses respectively
Executive Summary
Marcus & Millichap is pleased to present for sale this Synovus Bank located at 4499 Weston Road in Weston, Florida. Weston is a city in Broward County Florida just west of Ft. Lauderdale and is part of the Miami Metropolitan Area. The population of Weston is over 68,107. There are numerous companies with operations in Weston including Ultimate Software, DHL, Marriott International, Abbott Laboratories, Cleveland Clinic, Wendy’s, American Express and Rick Case Automobiles.
This Synovus Bank Property is located nearby the intersection of Weston and Griffin Roads, with traffic counts on Weston Road of 37,000 VPD and a population of 203,279 in a 5-mile radius. Directly across from this Synovus Property is Weston Commons, a 26 Tenant busy shopping center anchored by Publix, Bonefish Grill, Starbucks, Pet Supermarket, Panera Bread, European Wax Center, Venetian Nail, 4Ever Young Med Spa and many, many more.
Colleges nearby this Synovus Bank include American Intercontinental University with 15,415 students and Broward College with 5,600 students. Also nearby is Cleveland Clinic Hospital with 258 Beds.
Numerous apartment complexes surround this property including Weston Place Apartments with 372 units, La Morada at Western Apartments with 368 units, San Michele Apartments, Villa Apartments and Beachside Apartments. Many new home communities are also nearby including Lennar at Sunset Pines with 130 sold homesites, Lennar at Palomino Lake, Kingfisher Estates and Windmill Ranch Estates.
Synovus is a top-performing midcap bank with over $60 Billion in assets and $7.3 Billion in capital and has been named one of the Best Banks in America by Forbes.
This Synovus Bank Property is located nearby the intersection of Weston and Griffin Roads, with traffic counts on Weston Road of 37,000 VPD and a population of 203,279 in a 5-mile radius. Directly across from this Synovus Property is Weston Commons, a 26 Tenant busy shopping center anchored by Publix, Bonefish Grill, Starbucks, Pet Supermarket, Panera Bread, European Wax Center, Venetian Nail, 4Ever Young Med Spa and many, many more.
Colleges nearby this Synovus Bank include American Intercontinental University with 15,415 students and Broward College with 5,600 students. Also nearby is Cleveland Clinic Hospital with 258 Beds.
Numerous apartment complexes surround this property including Weston Place Apartments with 372 units, La Morada at Western Apartments with 368 units, San Michele Apartments, Villa Apartments and Beachside Apartments. Many new home communities are also nearby including Lennar at Sunset Pines with 130 sold homesites, Lennar at Palomino Lake, Kingfisher Estates and Windmill Ranch Estates.
Synovus is a top-performing midcap bank with over $60 Billion in assets and $7.3 Billion in capital and has been named one of the Best Banks in America by Forbes.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,100 SF
Building Class
B
Year Built
2006
Price
£3,513,316
Price Per SF
£857
Net Initial Yield
4.75%
NOI
£166,883
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.32 AC
Zoning
PECD (includes all C-1)
Parking
40 Spaces (9.76 Spaces per 1,000 SF Leased)
Frontage
71 ft on Weston Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with billions in assets. Synovus provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through hundreds of branches in Georgia, Alabama, South Carolina, Florida, and Tennessee.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 50-40-29-10-0021 | Improvements Assessment | £1,263,164 |
| Land Assessment | £910,240 | Total Assessment | £2,173,404 |
PROPERTY TAXES
Parcel Number
50-40-29-10-0021
Land Assessment
£910,240
Improvements Assessment
£1,263,164
Total Assessment
£2,173,404
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Synovus Bank - Weston | 4499 Weston Rd
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