| FOR SALE - WELLS FARGO BANK NNN ASSET $4,156,095 (5.25% CAP) 1360 & 1380 N. U.S. Hwy One, Jupiter, Florida |
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| ~ NNN Wells Fargo Bank - No Landlord Responsibilities on the bank building ~ Wells Fargo is ranked first in market value in the U.S. |
~ NYSE: WFC - S&P Rated A Credit ~ Affluent Jupiter Island Neighborhood |
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| This offering is for the 100% fee simple interest in the land and buildings. The bank building is leased to Wells Fargo under an absolute NNN lease.
The total parcel, located within Jupiter Cove Plaza, includes the stand-alone Wells Fargo bank branch and a separate office building.
The bank building is 3,988 SF and includes 4 drive thru lanes.
The office building with executive suites encompasses a total of 1,630 SF and produces an additional income.
The obvious question, is will Wells Fargo agree to extend the lease after it expires in November 2016? They have two-5 year options. We do know Wells Fargo paid for a new roof, had the building painted and recently moved their wealth management division to this branch. In addition, this Wells Fargo location is one of the highest in the area for deposits, which total over $82 million. |
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