Truist 

3501 Vandenberg Way | Estero, Florida 33928
Offering Memorandum
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​Contact Brokers

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Reid Thedford
Investment Advisor
Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

​Highlights

  • Lease Guarantee Size & Strength: Truist is the 6th Largest U.S. Commercial Bank | Investment Grade Tenant | A- Rating (S&P)

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  • Directly Across From the Main Entrance of World Famous Coconut Point Shopping Center

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  • Hard-Signalized Corner: S. Tamiami Trail & Vandenberg Way

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  • Traffic Count on S. Tamiami Trial: 55,000 VPD

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  • Ideal Bank Customer Profile: Median Age: 66 years old | Average Household Income: $131,914

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  • Strong Population Density: 29,001 (3-mile) | 86,328 (5-mile)

​Description

Marcus & Millichap is pleased to present Truist, an opportunity for an investor to purchase a truly iconic brand in the quickly growing submarket of Estero, FL. The subject property is located at a signalized intersection and sees over 55,000 cars per day. This prime location has a variety of phenomenal core real estate drivers including extreme affluence of $131,914 (1-mile) and it is located directly across from World-Famous Coconut Point Shopping Center which boasts 500 acres and over 1.2 million square feet of retail space. Truist is the 6th largest U.S. commercial bank and is an investment grade tenant with an A- Rating (S&P). This ensures future appreciation and stability of the location.