Fifth Third Bank | Brand New Construction 20 Year Absolute NNN Ground Lease
2501 W Bay Dr, Belleair, FL 33770
- For Sale $4,950,000
- Property Type Retail
- Property Size 1,900 SF
- Lot Size 0.49 SF
- Year Built 2022
- Date Updated Aug 09, 2022
We are pleased to offer to qualified investors a rare opportunity to purchase a brand-new construction, 20 year absolute NNN ground lease investment, occupied by Fifth Third Bank with 10% rental increases every 5 years and 4, 5 year options. Located in Belleair, FL (Tampa MSA), the subject property is strategically positioned along the main east/west corridor of Belleair that leads directly to the beach communities which are approximately 1.75 miles to the east of the subject property. Additionally, the property is easily accessible from West Tampa’s main north/ south thoroughfare (Hwy 19).
Positioned near the hard corner signalized intersection of Indian Rocks Rd and Bay Dr, which has traffic counts 36,100+ VPD, the subject property is located in the middle of the area’s main daily needs shopping destination with many national retailers including Publix Super Market, Walgreens, Panera Bread, Bank of America and more in close proximity. This is a rare opportunity to own a brand-new single tenant absolute NNN ground lease investment, occupied by an investment grade tenant (“A-” by S&P), with 20 years of lease term remaining and zero landlord management responsibilities.
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- Walk Score ® Very Walkable (73)
- Bike Score ® Bikeable (66)
- City Belleair, FL
- Neighborhood McKay Creek
- Zip Code 33770
- Market Tampa St Petersburg Clearwater
Points of Interest
12th Avenue Beach Access Park
Franklin Saint Flag Parking
Garden Avenue Parking Garage
City of Clearwater Parking Lot #32
Seminole High School Student Parking Lot
Seminole High School Visitor Parking Lot
Seminole High School East Faculty Parking Lot
Seminole High School West Faculty Parking Lot
Seminole High School South Faculty Parking Lot
Park Boulevard Boat Ramp
Aloha Ansley Hawaiian Fusion Restaurant
Cafe Sahara Mediterranean Cuisine
La Pizza Mia
Greek Island Restaurant
The Sports Shack Bar & Grill
Frequently Asked Questions
What is the total square footage of Fifth Third Bank | Brand New Construction 20 Year Absolute NNN Ground Lease?
Fifth Third Bank | Brand New Construction 20 Year Absolute NNN Ground Lease totals 1,900 square feet.
When was this property built?
Fifth Third Bank | Brand New Construction 20 Year Absolute NNN Ground Lease was built in 2022.
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