Does anyone have any rental rates for ATM in parking lot? Thank you in advance for the help.

In Leasing Property - Asked by Ralph K. - Mar 10, 2017
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Answer(s)

Thomas S.
Owner/Investor
O'Brien, FL

We can discuss your needs as we have a large parking area at the center of Live Oak. The location is 208 N Ohio Avenue in Live Oak, Fl. The other location is at the entrance to Walmart 2 miles north on US 129 at 10556 70th St Live Oak, Fl 32060. There is a strip mall with no banks just 1/4 mile from I-10 and US 129. Thomas J Skierski Call my office phone 386-364-5477 cell 386-688-6757 or 386-362-1776 Suwannee Museum.

Mar 11, 2017
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Robert K.
Owner/Investor
Davenport, IA

We can discuss your needs as we have a large parking area. The location is 3546 Brady st Davenport, IA 52896. i Call my office phone 563-940-7240

Mar 12, 2017
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Randolph G.
Broker/Agent
Boca Raton, FL

The ATM in the parking lot is a new trend in banking. As we all know, most simple transactions (check deposit, cash withdraw, etc) can be done on a 24-hour ATM. This is a method for a bank to have a presence without leasing a branch location from the center. I suggest you (or your broker) call the owner (or the property's agent) for the shopping center you desire. There is not a standard or fixed rate across the board. Be ready to negotiate! Considerations must be taken for traffic flow, parking changes, security, and of course who will pay for everything.

Mar 13, 2017
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Francis L.
Broker/Agent
Santa Clarita, CA

I would contact the leasing brokerage of various retail center sites that have stand-alone ATMs and ask them for data, including what the range of pricing would be if they had any potential locations available. It would be a good way to gather data. Good luck!

Mar 15, 2017
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Ralph K.
Broker/Agent
Augusta, GA

Thank you to those who have answered. I actually have the parking lot. I am looking for what rent to charge the tenant with the ATM.

Mar 16, 2017
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Dennis G.
Broker/Agent
Pasco, WA

I actually did this once years ago. The amount of land for the ATM was based on the size of the ATM footprint plus the surrounding area to provide of security i.e. metal posts installed for security. An ATM with a drive up lane required the additional sq. ft. of land for a car.The minimum size of a standard parking space shall be nine feet wide and eighteen feet long. The we took the land of the land only against the CAP Rate at that time we were looking at 10%. In our case we need 324 sq. ft at $15 per sq. ft for the value of the land x 10% Cap Rate gross to Landlord paid any RE taxes due. and we paid ~ $490 per year for the space. The lease if i remembers was for 10 years. So very much like a ground lease for a building.

Mar 26, 2017
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