Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$3,250,000 - $10,000,000|
|Average NOI||$150,000 - $500,000|
|Building SF||3,000 - 4,000|
|Lease Term||20 Years|
|Escalations||10% Every 5 Years|
As a member of the TD Bank Financial Group of Toronto, CA, TD Bank has become one of the top ten leading banking service providers in all of North America. While ranking amongst the top 15 biggest commercial size banking institutions, they are also referred to as ‘America’s Most Convenient Bank®’ and can be found quite simply under the NYSE stock ticker TD.
Having a strong influence throughout the much of the Eastern part of the U.S., they now employ over twenty three thousand throughout their 1000+ retail branch locations, and service nearly six and a half million customers altogether. In fact, they have also become one of the biggest insurance companies in their regional markets.
With a nearly ancient history dating back to the early 1850’s, they founded the first branch in Portland, ME, going from Portland Savings over to Peoples Heritage Bank in the early 1980’s. For over 150 years, TD Bank has continued to provide a wide assortment of consumer and business-based financial services and wealth management products.
During the turn of the millennium (2000), Peoples Heritage Bank was involved in a series of acquisitions that changed the name to Banknorth. Then in 2004, TD Bank Financial Group had increased their shares substantially, eventually changing the name into TD Banknorth. Only a few years later, through another round of acquisitions and mergers, TD Bank had been formed in 2009. At that time, many previous entities merged into one conglomerate in what came to be known as “America’s Most Convenient Bank®”.
|Headquarters||Cherry Hill, New Jersey|
|Number of Locations||1,220|
|Key Principal||Leo Salom|