4760 W Atlantic Ave | Delray Beach, FL 33445
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- LoopNet Team
4760 W Atlantic Ave
Delray Beach, FL 33445
Regions Bank - New Relocation Branch · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-Year Regions Bank Ground Lease in top South Florida market
- Fixed 10% increases provide hedge against inflation and an average return of 4.91% over the base term of the lease
- Regions Bank is rated A- by Standard & Poors with a stable outlook and reported revenue of $7.6 billion in 2023
- Regions is relocating a nearby branch and building its latest double drive-thru prototype to better service its established customer base
- Shared traffic signal with Publix and Chick-fil-A fronting 43,500 VPD along Atlantic Ave. the primary East/West retail corridor serving Delray Beach
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
1,904 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
B-1 - intended to provide for low-intensity retail and personal service uses that serve the needs of relatively small land areas.
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
123 FT on West Atlantic Avenue
PROPERTY TAXES
| Parcel Number | 12-42-46-13-01-000-0080 | Improvements Assessment | $473,793 |
| Land Assessment | $539,202 | Total Assessment | $966,617 |
PROPERTY TAXES
Parcel Number
12-42-46-13-01-000-0080
Land Assessment
$539,202
Improvements Assessment
$473,793
Total Assessment
$966,617
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