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.