18031 S Tamiami Trail | Fort Myers, Florida 33908
Vice President Investments
Senior Investment Advisor
BB&T Bank – A3 Moody’s Credit Rating
Corporate Guaranteed NNN Lease – Zero Landlord Responsibilities
Ideally Located at a Signalized Intersection
Massive Traffic Count of 59,000 VPD
Large Parcel – 1.68 Acres
Ft. Myers, FL is one of the Nation's Fastest Growing Metro Markets in the Nation
Marcus & Millichap is pleased to offer for sale this BB&T Bank located in Ft. Myers, Florida. BB&T Bank has more than two and one-half years remaining on their triple-net lease with four, five-year option periods. There are attractive 1.25 percent rent increases every year. The lease is guaranteed by Branch Banking and Trust Company, which has over 1,700 branch locations in 15 states. BB&T and SunTrust have recently merged to form Truist, the sixth largest United States bank.
BB&T is located at a signalized intersection on South Tamiami Trail and Constitution Boulevard. South Tamiami Trail is a major North-South thoroughfare that exposes this location to over 59,000 vehicles per day. There are dozens of national retailers in the immediate area including Publix, Planet Fitness, Bank of America, Regions Bank, CVS, Walgreens, McDonald’s, Burger King, Dunkin’ and more. The population and average household income within a three-mile radius of the subject property are approximately 37,150 and $85,735, respectively.
The Fort Myers market is a popular tourist destination and receives over 1.8 million visitors each year. Fort Myers is also a significant second-home market partly due to its convenient proximity to major cities, such as Miami and Tampa, which are both less than two hours away. Fort Myers is located in Lee County, which has a current population of over 700,000 full time residents. World-class fishing, award winning beaches, no state income taxes, and year-round beautiful weather are attracting new residents and visitors to this area at record breaking pace.