FIFTH THIRD BANK - DEL PRADO BRANCH - SALE/LEASEBACK OPPORTUNITY - LoopNet.com
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SALE/LEASEBACK OPPORTUNITY FIFTH THIRD BANK – DEL PRADO BRANCH 2724 DEL PRADO BLVD S, CAPE CORAL 33904
CONTACT INFORMATION
TONY MANGIONE MATT FREDRICKSON
trinitycre.com
9250 Corkscrew Rd • Suite 13 • Estero, FL 33928
Principal Principal | Investment Sales © 2018 Trinity Commercial Group, Inc.
239.334.3040 239.334.3040 This information is considered accurate, but not guaranteed.
tony.mangione@trinitycre.com matt.fredrickson@trinitycre.com
EXECUTIVE SUMMARY FIFTH THIRD BANK - DEL PRADO BRANCH
THE OFFERING PROPERTY OVERVIEW
Trinity Commercial Group, Inc. (TCG) working jointly with CBRE, BUILDING NAME: Fifth Third Bank Del Prado Branch
Inc. is pleased to present the Sale-Leaseback of the Fifth Third
Bank Branch located in Cape Coral, Florida. The subject property • 2724 Del Prado Blvd, Cape Coral, FL 33904
PROPERTY LOCATION:
is a 13,000± square foot, two story, freestanding building located • 1532 Shelby Pkwy, Cape Coral, FL 33904
on the northwest corner of Shelby Pkwy fronting Del Prado Blvd
1.55± Acres (per tax records) – 2724 Del Prado Blvd S
S. Fifth Third Bank is offering to Leaseback the entire ground floor LAND SIZE: 0.37± Acres (per tax records) – 1532 Shelby Pkwy
comprised of 6,484± square foot premises. TOTAL: 1.92± AC
BUILDING SIZE: 13,000± SF (2-Story)
The subject site is strategically located in the heart of Cape Coral,
home to approximately 180,000± residents, one of the most densely
populated cities in Florida in terms of physical area. Cape Coral YEAR BUILT: 1989
was also recently ranked one of America’s fastest growing cities,
Ground Floor - 6,484± SF
boasting over 400 miles of canals providing waterfront living. 5/3 LEASEBACK: $15.00 PSF NNN or $97,260 annually
Offering 10 year base term
55± Parking Stalls at 2724 Del Prado Blvd S plus
PARKING: additional 34± Parking Stalls across the street at 1532
HIGHLIGHTS Shelby Pkwy
Three Drive-Thru Teller Lanes and One Drive-Thru
ADDITIONAL FEATURES:
Only 0.4± miles south of Veterans Pkwy, one of only two ATM Lane
area bridges connecting Fort Myers to Cape Coral
ZONING: C-1 (CCC - City of Cape Coral)
Fantastic visibility on Del Prado Blvd S
Great traffic volume, boasting 43,000± VPD TAX PARCEL IDENTIFICATION:
31-44-24-C2-00600.0010 – 2724 Del Prado Blvd S
31-44-24-C2-00636.0470 – 1532 Shelby Pkwy
Direct access off of both primary and secondary roads
TYPE OF OWNERSHIP: Fee Simple
Large lot size at 1.55± acres plus 0.37± acres for additional
parking across the street at 1532 Shelby Pkwy
PURCHASE PRICE: $2,300,000
Strong deposit base as of June 1, 2017 of $114M
EXECUTIVE SUMMARY 4
PROPERTY LOCATION FIFTH THIRD BANK - DEL PRADO BRANCH
SOUTHWEST, FLORIDA
P R O P E RTY LO C AT I O N M A P 6
CAPE CORAL,
FLORIDA
P R O P E RTY LO C AT I O N M A P 7
57,000± VPD
VETERANS PKWY 59,500± VPD
43,000± VPD
DEL PRADO BLVD
RETAIL AERIAL MAP 8
43,000± VPD
SHELBY PKWY
DEL PRADO BLVD
RETAIL AERIAL MAP 9
1ST FLOOR
FLOOR PLANS 102ND FLOOR
FLOOR PLANS 11PROPERTY PHOTOS 12
2724 Del Prado Blvd
1 mi radius 3 mi radius 5 mi radius
Cape Coral, FL 33904
2017 Estimated Population 9,555 65,573 187,426
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2022 Projected Population 10,681 74,632 214,282
POPULATION
2010 Census Population 8,231 55,905 160,919
2000 Census Population 8,250 51,803 143,720
Projected Annual Growth 2017 to 2022 2.4% 2.8% 2.9%
Historical Annual Growth 2000 to 2017 0.9% 1.6% 1.8%
2017 Median Age 51.4 48.1 46.4
2017 Estimated Households 3,976 27,719 79,165
HOUSEHOLDS
2022 Projected Households 4,135 29,281 83,964
2010 Census Households 3,508 23,934 69,116
2000 Census Households 3,409 21,488 60,650
Projected Annual Growth 2017 to 2022 0.8% 1.1% 1.2%
Historical Annual Growth 2000 to 2017 1.0% 1.7% 1.8%
2017 Estimated White 88.7% 87.1% 84.4%
2017 Estimated Black or African American 4.1% 4.7% 7.0%
RACE AND
ETHNICITY
2017 Estimated Asian or Pacific Islander 2.4% 2.3% 2.1%
2017 Estimated American Indian or Native Alaskan 0.2% 0.3% 0.3%
2017 Estimated Other Races 4.6% 5.7% 6.3%
2017 Estimated Hispanic 16.5% 19.7% 19.3%
2017 Estimated Average Household Income $72,888 $58,651 $62,203
INCOME
2017 Estimated Median Household Income $59,015 $53,471 $55,154
2017 Estimated Per Capita Income $30,459 $24,841 $26,351
2017 Estimated Elementary (Grade Level 0 to 8) 3.8% 3.9% 4.5%
2017 Estimated Some High School (Grade Level 9 to 11) 5.2% 6.4% 6.4%
EDUCATION
(AGE 25+)
2017 Estimated High School Graduate 40.5% 37.8% 34.2%
2017 Estimated Some College 21.6% 21.4% 20.8%
2017 Estimated Associates Degree Only 8.4% 9.2% 8.7%
2017 Estimated Bachelors Degree Only 15.6% 14.3% 16.5%
2017 Estimated Graduate Degree 5.0% 6.9% 8.8%
2017 Estimated Total Businesses 476 3,232 10,092
BUSINESS
2017 Estimated Total Employees 3,619 22,672 74,474
2017 Estimated Employee Population per Business 7.6 7.0 7.4
2017 Estimated Residential Population per Business 20.1 20.3 18.6COMPANY OVERVIEW FIFTH THIRD BANK - DEL PRADO BRANCH
ABOUT THE COMPANY
https://www.53.com/
Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services company headquartered in Cincinnati,
Ohio. The Company has $104.6 billion in assets, operates 19 affiliates with 1,103 full-service Banking
Centers, including 122 Bank Mart(R) locations open seven days a week inside select grocery stores and
2003 Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia and
Pennsylvania. The financial strength of Fifth Third's Ohio and Michigan banks continues to be recognized
by rating agencies with deposit ratings of AA- and Aa1 from Standard & Poor's and Moody's, respectively.
Additionally, Fifth Third Bancorp continues to maintain among the highest short-term ratings available
at A-1+ and Prime-1 and is recognized by Moody's with one of the highest senior debt ratings for any U.S.
bank holding company of Aa2. Fifth Third operates four main businesses: Retail, Commercial, Investment
Advisors and Fifth Third Processing Solutions. Investor information and press releases can be viewed at
http://www.53.com. Fifth Third's common stock is traded through the NASDAQ(R) National Market System
under the symbol "FITB." Member FDIC.
CO M PA N Y OV E R V I E W 15MARKET OVERVIEW FIFTH THIRD BANK - DEL PRADO BRANCH
CAPE CORAL, FL
IN 2017 FORBES NAMED CAPE CORAL #1 OUT OF 25
IN “AMERICA’S FASTEST GROWING CITIES OF 2017”
Cape Coral is a city located in Lee County, Florida, United States, on the Gulf
of Mexico. Founded in 1957 and developed as a planned community, the
city grew to a population of 154,305 by the year 2010. The city’s population
estimate was 165,831 for 2013 and 179,804 for 2016. With an area of 120
square miles, Cape Coral is the largest city between Tampa and Miami.
It is a principal city in the Cape Coral – Fort Myers, Florida Metropolitan
Statistical Area. The population estimate for the statistical area was
679,513 for 2014. The city is known as a “Waterfront Wonderland”; with
over 400 mi of navigable waterways, Cape Coral has more miles of canals
than any other city in the world.
Cape Coral history began in 1957 when two brothers from Baltimore,
Maryland, Leonard and Jack Rosen, flew over the peninsula known as
Redfish Point, across the Caloosahatchee River near present-day Fort
Myers. Cape Coral was founded as Redfish Point. Leonard and Jack
Rosen, who were real-estate developers, purchased a 103-square-mile
tract known as Redfish Point for $678,000 in that year and, in 1958, began
development of the city as a master-planned, pre-planned community.
The Gulf American Land Corporation (GALC), was formed to develop the
area. Canals were dug, streets paved, houses and businesses built. Cape
Coral was promoted like no other Florida development. Celebrities were
brought in to tout the benefits of “the Cape”, as it is known locally. The
first building in Cape Coral, even before any houses were constructed,
was the Rosen’s sales office. It was built right on the spot where George’s
Auto now stands, at Cape Coral and Coronado Pkwys. Cape Coral’s first
permanent resident was Kenny Schwartz, the Rosens’ general manager.
Cape Coral’s first four homes were completed in May 1958, on Riverside
and Flamingo Drives.
Development continued through the early 1960s, mostly on Redfish Point,
south of Cape Coral Parkway. By 1963, the population was 2,850; 1,300
buildings had been finished or were under construction; 80 mi of road had
been built, and 160 mi of canals had been dug. The public yacht club, a
golf course, medical clinic and shopping center were up and running. A
major addition for Cape Coral was the construction of the 3,400 feet long
Cape Coral Bridge across the Caloosahatchee River, which opened in early
1964. Before the bridge, a trip to Fort Myers was more than 20 mi via Del
Prado Boulevard and over the Edison Bridge to cross the river.
MARKET OVERVIEW 17CONTACT US
TONY MANGIONE
Principal
239.334.3040
tony.mangione@trinitycre.com
MATT FREDRICKSON
Principal | Investment Sales
239.334.3040
matt.fredrickson@trinitycre.com
9250 Corkscrew Rd • Suite 13 • Estero, FL 33928
© 2018 Trinity Commercial Group, Inc.
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