BB&T Bank

1707 South Parsons Avenue - Seffner Florida 33584

LTV (Loan to Value)	65.00%	Current NOI	$271,338.00
Interest Rate	4.250%	Capital Rate	6.300%
Fixed Term	10 Years	Land Area	+/- 0.91 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,814,500.00	Property Type	Retail
Payment	$15,247.22	Property Lease	Bank
Bulding Size	0 SF	Remaining Terms	Seven (7) Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a corporate lease in a BB&T Bank property located at 1707 South Parsons Avenue, Seffner, FL. BB&T is one of the largest financial services holding companies in the U.S. with over $186 billion in assets.BB&T is operating under an absolute NNN lease with over seven (7) years remaining. The lease will include annual rent escalations of 1.25% with four (4), five (5) year renewal options.This free standing property is located in a residential area, along a strong retail corridor, and is 15 miles east of downtown Tampa.

Highlights

Strong Investment Grade Corporate Credit – BB&T Bank has an investment grade credit rating of A-/Stable with over $130.3 Billion…

Property Description

Seffner is a census-designated place (CDP) in Hillsborough County, Florida. The population was 7,579 at the 2010 census.Approximately 15 miles east of downtown Tampa, Seffner serves as a suburban haven for commuters. While still characterized by towering live oak trees, strawberry farms and lakes, this small town has been growing rapidly. Housing subdivisions now dot the once rural landscape.