2 story 10,822 sqft Class B Building Tenant Wells Fargo Dade City, FL
By JM Padron, CCIM, CCP, MRICS, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
INVESTMENT HIGHLIGHTSAbsolute NNN lease to Wells Fargo Bank (Fitch: A+) with 4 years remaining of first option, remaining five 5 years options. Wells Fargo is an investment grade tenant with an BBB+ Rating by S&P. The lease is corporate guaranteed.Lease includes 3% annual rent increases, and six 5-year extensions Located in the heart of Dade City Downtown in busy 7th street, close to government office buildings. Wells Fargo occupies 6,612 sqft of office space in the first floor plus a 4 lane drive thru (approx.. 2,428 sqft).The second floor has been updated for office space with independent entry and access by stairs and elevator. At this moment being marketed at US$15.00per sqft per year absolutely NNN, which will boost the NOI in US$114,201.EXECUTIVE SUMMARYSituated at a prime int...
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