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83 Towne Center Blvd
Sanford, FL 32771
TD Bank | Trophy Corner | Abs NNN · Retail Property For Sale
Investment Highlights
- Signalized hard corner located at the entrance to Seminole Town Center Mall which is undergoing major redevelopment anchored by Costco
- Absolute Net Lease provides completely passive ownership and stable cash-flow for absentee owner
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- TD Bank, NA is rated A+ by S&P and operates +/- 1,100 branches across 16 states
- Fixed 10% increases provide hedge against inflation
- Full access from traffic light and excellent visibility to over 52,000 VPD
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed TD Bank in Orlando, FL. The offering features a new 10-year Absolute Net Lease with 10% rental increases every 5 years. The owner benefits from depreciation and excellent underlying real estate fundamentals with full access and visibility from a signalized intersection with 52,000 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,486 SF
Building Class
C
Year Built
2024
Price
$3,500,000
Price Per SF
$1,407.88
Cap Rate
5%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.94 AC
Zoning
PD - PLANNED UNIT DEVELOPMENT
Parking
25 Spaces (10.06 Spaces per 1,000 SF Leased)
Frontage
528’ on Towne Center Boulevard
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 29-19-30-519-0000-0010 | Improvements Assessment | $533,650 |
| Land Assessment | $1,449,665 | Total Assessment | $1,983,315 |
Property Taxes
Parcel Number
29-19-30-519-0000-0010
Land Assessment
$1,449,665
Improvements Assessment
$533,650
Total Assessment
$1,983,315
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