5140 E Fowler Ave
Tampa, FL 33617
Pilot Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Current Cap Rate: 4.50% | Blended Cap Rate: 5.32%
- This location has been operating successfully for over three decades having been established here since 1994.
- Well located directly across the street from a Publix anchored shopping center and less than 1 mile from the University of South Florida.
- Corporate Lake Michigan Credit Union Guarantee after their acquisition of Pilot Bank.
- The tenant recently structured a brand new lease extension showing their commitment to this site long-term.
- This location posted branch deposits over $230MM in 2020, which was a 13% increase from their deposits in 2019.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
6,416 SF
Building Class
B
Year Built
1973
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.37 AC
Zoning
c-1
Parking
20 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | A-10-28-19-ZZZ-000005-56770.0 | Improvements Assessment | $1,196,120 |
| Land Assessment | $447,180 | Total Assessment | $1,643,300 |
