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5775 Red Bug Lake Rd
Casselberry, FL 32708
Truist Bank | Main & Main Corner (70,000 VPD) · Retail Property For Sale
Investment Highlights
- Truist is a Top 10 US financial institution and S&P Global Ratings recently affirmed Truist Bank's A credit rating and stable outlook
- AHHI in Winter Springs exceeds $101,000 and Greater Orlando has consistently ranked as one of the top US job (#2 in 2023) and populaton (#4 2023) grow
- Absolute Net Lease with 1.50% annual increases provides passive ownership and stable cash flow
- Rare opportunity to acquire generational main and main signalized corner real estate in front of Florida's dominant grocery chain
- Truist has served the local community at this branch location for more than 17 years and has well above average deposit base of $212 million
- Fee Simple ownership allows for depreciation of the building boosting after tax returns
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
9,735 SF
Building Class
B
Year Built/Renovated
1982/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.34 AC
Zoning
C-1
Frontage
Amenities
- Banking
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 24-21-30-300-020F-0000 | Improvements Assessment | $772,343 |
| Land Assessment | $1,794,510 | Total Assessment | $2,566,853 |
Property Taxes
Parcel Number
24-21-30-300-020F-0000
Land Assessment
$1,794,510
Improvements Assessment
$772,343
Total Assessment
$2,566,853
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