Wells Fargo

18499 Miramar Parkway,

Miramar, FL 33029

Price:
$3,000,000
Number of Buildings:
1
Number of Stories:
1
Years Built:
2002
Square Feet:
3,796 Square Feet
Lot Size:
0.76 Acres
HVAC:
Central Air Conditioning

INVESTMENT OVERVIEW

This offering presents an exceptional opportunity to acquire a single-tenant, net-leased Wells Fargo Bank branch at Sunset Lakes in Miramar, Florida — one of Broward County’s most affluent and supply-constrained suburban communities. The asset features a well-documented and increasing deposit schedule over the life of the lease, with the most recent annual escalation delivering meaningfully positive rent growth. With approximately five years of term remaining, this investment represents a rare chance to acquire a performing, investment-grade bank branch in a South Florida market where such assets seldom trade.

High-credit bank branches in suburban South Florida are among the scarcest net-lease assets in the national market. Negative net branch openings industry-wide and Wells Fargo’s own strategic consolidation have meaningfully reduced the supply of tradeable bank investments in the region. Investors seeking durable, passive income backed by one of the largest financial institutions in the world will find this offering to be a compelling and timely acquisition.

INVESTMENT HIGHLIGHTS

  • Investment-Grade Tenancy — Wells Fargo Bank, N.A.
  • Rare Asset in a Supply-Constrained Market
  • Growing Rent — Strength Late in the Lease Term
  • South Florida Net Lease Market Tailwinds
  • Sunset Lakes — Premier Suburban Miramar Location
  • $193,916 Average Income within 1-Mile (Experian)
  • Long-Term Absolute NNN Ground Lease
  • 10% Rent Increase (Every five Years)
  • Extremely Dense Residential Area
  • Exposure to 37,000 Vehicles Per Day
  • Outparcel to Publix Anchored Shopping Center

EXCLUSIVELY LISTED BY

AARON O'CONNOR

Senior Director Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com