TD Bank Ground Lease

Highlights:

• Absolute NNN Ground Lease – Zero landlord responsibilities
• Modern 2017 Construction – 10 years remaining on base term with 10% rent increases every 5 years, including options
• LEED Gold Certified – Awarded by the U.S. Green Building Council in 2018, highlighting sustainability and energy efficiency
• Investment-Grade Credit – TD Bank is S&P rated AA-, ensuring long term financial strength and reliability
• Top U.S. Bank – TD is the 8th largest bank in the U.S. by total assets, with over $36.1B in annual revenue and $1.3T in assets Premier South Florida Location – Situated in the booming Miami Fort Lauderdale–West Palm Beach MSA
• Signalized Hard Corner – Excellent visibility and access with traffic counts exceeding 21,000 VPD.
• Strong Deposit Growth – Branch deposits have increased 59% since 2021, reaching $62M in 2024, reflecting high market demand and branch performance
• Irreplaceable Location – Adjacent to Sawgrass Mills, the largest single-story outlet mall in the U.S. (2.38M SF, 350+ retailers)
• High-Income Demographics – Average household income exceeds $111,135 within 1 mile
• Sawgrass Mills Outlet is the Largest Single Story Outlet Mall in the United States | 2.383 Million Square Feet | Over 350 Retailers
• In the Middle of Many High End Apartment and Residential Complexes

Description:

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Plantation’s natural environment is unsurpassed by other South Florida cities. Situated among thousands of trees are safe, friendly neighborhoods, world-class recreation facilities and a stable business community. It is geographically centered in Broward County, and is home to a number of large national firms, including Motorola Solutions, National Beverage, Magic Leap and Kaplan University. The City of Plantation was incorporated in April of 1953, and has expanded into a growing, vibrant municipality, with a residential population exceeding 88,000.

The City of Plantation is rich in amenities, a competitive business environment and beautifully landscaped streets. You will find an urban environment intermixed with a “hometown” lifestyle, achieved through thoughtful comprehensive planning and the vision and support of our City Council, staff and volunteer organizations.

The City of Plantation’s public/private golf facility, Plantation Preserve Golf Course and Club, includes a challenging, 18-hole championship golf course, a beautiful clubhouse with stunning panoramic views, state of the art practice facilities including a private Member-only practice area, Everglades-inspired wetlands situated throughout the back nine, and a 55-acre, 1.1 mile linear multi-use trail that is one-of-a-kind in the country and safely bisects the front and back nines. We also expanded our park system with two new signature parks: Plantation Woods, a forest themed park and water playground located in Plantation’s Historic District (Fig Tree Lane and Palm Tree Road); and Camp Everglades, an Everglades-inspired park located Plantation Acres at Volunteer Park (W. Sunrise Boulevard). The Helen B. Hoffman Plantation Library is one of the few municipal libraries in a county where most libraries are regionally operated.

Plantation’s Police Department is nearly 200 strong and its Volunteer Fire Department is the largest and one of the highest rated volunteer departments in the State of Florida. There are ten public schools to educate elementary, middle and high school-aged children and numerous day care, charter and private schools.

Plantation boasts one of the lowest millage rates in Broward County and a strong-Mayor form of government that is committed to quality redevelopment and neighborhood stabilization through world class recreation facilities. The City’s business districts – Plantation Gateway, Plantation Midtown and Plantation Technology Park – offer an alternative to the congestion and fast pace of a downtown.