83 Towne Center Blvd - Freestanding FOR SALE


Sanford, FL 32771
$3,765,000 USD
949-903-3399
83 Towne Center Blvd, Sanford, FL for Sale
$3,765,000 USD
Freestanding - FOR SALE
1/8
null | 4.65% Cap Rate

83 Towne Center Blvd
Sanford, FL 32771


HIGHLIGHTS

  • New Absolute NNN Ground Lease by TD Bank (NYSE: TD) - Grand Opening October 2024
  • Hyper Dense PAD to Gateway Plaza Power Center - Surrounded by Walmart/Target/BJ’s Club
  • Brand New 2024 Prototype with Double Drivethru - Large 1.038 Acre Site
  • Affluent Suburb of Orlando FL ($119,491 HHI) - One of Fastest Growing MSA’s in the Country
  • 10th Largest Bank in the U.S. - $400B+ in Assets/ 1100+ Locations
  • Irreplaceable Site ½ Mile from Seminole Towne Center (1.13M SF) - Seminole Marketplace (318K SF)

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased TD Bank in Sanford, FL. TD Bank (NYSE: TD) operates over 1,100 branches across the US and has investment grade credit rating of Aa1 from Moody’s (S&P: AA-). The ground lease has over 9.5 years remaining in the primary term with three 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities making this asset ideal for an investor seeking passive cash flows. The 2,486 SF building on 1.038-acre parcel is strategically located on the hard corner signalized intersection of W Florida 46 (33,800 VPD) and Towne Center Blvd and is positioned in the main retail corridor of Sanford. The 1.13 million SF Seminole Towne Center is only a half mile away while the 318,000 SF Marketplace at Seminole is less than a mile from the subject property. Other nearby retailers include Walmart Supercenter, Target, Dick’s, Floor & Decor, KFC, Texas Roadhouse and more.

FOR SALE DETAILS

PRICE

$3,765,000 USD

PRICE/SF

$1,514 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank - NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

PD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.