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Bank

Truist Bank - Longwood, FL

801 E State Rd 434, Longwood, FL 32750

Listing Price: $4,023,467

Cap Rate
6.75%
Tenant Name
Truist Bank
Years Remaining On Lease
3.3
Gross SF
5,904
Guarantor
Corporate Guarantee
Rentable SF
5,904
Price/Gross SF
$681.48
Lease Type
Absolute Net
Rent Per Square Feet
$46.00

Investment Overview

Marcus & Millichap is pleased to present for sale this Truist Bank located
at 801 E. State Road 434 in Longwood, Florida. Longwood is a city in
Seminole County, Florida with population of 15,087 and is part of the
Orlando-Kissimmee-Sanford Florida Metropolitan Statistical Area. Top
employers in Longwood, Florida include South Seminole Hospital with
1,032 employees, UPS with 703 employees, Comprehensive Energy
Services, Seminole County Schools, and S.I. Goldman.
Subject to a fee simple absolute NNN Lease, this Truist Bank has strong
deposits exceeding $113 Million and is located on a signalized intersection
with traffic counts exceeding 27,000 Vehicles Per Day.
Many colleges and universities surround this Truist property including
Freedom State University with 4,614 enrolled students, Seminole State
College with 15,315 enrolled students, Troy University with 10,768
enrolled students and Rasmussen University with 8,469 enrolled students.
Hospitals nearby the property include Mid Florida Hospital, Orlando health
South and Palm Springs Medical Center.
New home developments in the area include The Pointe at Merritt Street,
which is sold out, and apartment complexes in the area include Longwood
Gardens, Waltervue at Longwood, Heritage Village Apartments, Weston
Park Apartments, Integra Lakes and Castle Woods.
Truist Financial Corporation is an American bank holding company
headquartered in Charlotte, North Carolina. The company was formed
in December 2019 as the result of the merger of BB & T and SunTrust
Banks. Truist operates 2,781 bank branches in 15 states and Washington,
D.C. The company offers consumer and commercial banking, securities
brokerage, asset management, mortgage and insurance products and
services. Truist is on the list of largest banks in America by assets; as of
August 2023 it is the 9th largest bank with $514 Billion in assets. Trusit
Insurance Holdings is the seventh largest insurance broker in the world
with $2.27 Billion in annual revenue. As of the year 2023, Truist employs
over 51,169 employees.

Investment Highlights

  • Truist Bank | Fee Simple Absolute NNN Lease | Recent Lease Extension Showing Strong Commitment to the Site
  • Longwood, FL Location | Part of Orlando-Kissimmee-Sanford Metropolitan Statistical Area
  • Truist Financial Corporation Headquartered in Charlotte, North Carolina with 2,781 Bank Branches in 15 States and Washington, D.C.
  • As of August 2023, Truist is the 9th Largest Bank with $514 Billion in Assets and Employs Over 51,169 Employees
  • Oversized 1.45 Acre Parcel of Land |Strong Intrinsic Value | Drive Thru Equipped

Exclusively Listed By

Financing By

Bank

Truist Bank - Longwood, FL

Listing Price: $4,023,467

Cap Rate
6.75%
Tenant Name
Truist Bank
Years Remaining On Lease
3.3
Gross SF
5,904
Guarantor
Corporate Guarantee
Rentable SF
5,904
Price/Gross SF
$681.48
Lease Type
Absolute Net
Rent Per Square Feet
$46.00

Investment Highlights

  • Truist Bank | Fee Simple Absolute NNN Lease | Recent Lease Extension Showing Strong Commitment to the Site
  • Longwood, FL Location | Part of Orlando-Kissimmee-Sanford Metropolitan Statistical Area
  • Truist Financial Corporation Headquartered in Charlotte, North Carolina with 2,781 Bank Branches in 15 States and Washington, D.C.
  • As of August 2023, Truist is the 9th Largest Bank with $514 Billion in Assets and Employs Over 51,169 Employees
  • Oversized 1.45 Acre Parcel of Land |Strong Intrinsic Value | Drive Thru Equipped

Investment Overview

Marcus & Millichap is pleased to present for sale this Truist Bank located at 801 E. State Road 434 in Longwood, Florida. Longwood is a city in Seminole County, Florida with population of 15,087 and is part of the Orlando-Kissimmee-Sanford Florida Metropolitan Statistical Area. Top employers in Longwood, Florida include South Seminole Hospital with 1,032 employees, UPS with 703 employees, Comprehensive Energy Services, Seminole County Schools, and S.I. Goldman. Subject to a fee simple absolute NNN Lease, this Truist Bank has strong deposits exceeding $113 Million and is located on a signalized intersection with traffic counts exceeding 27,000 Vehicles Per Day. Many colleges and universities surround this Truist property including Freedom State University with 4,614 enrolled students, Seminole State College with 15,315 enrolled students, Troy University with 10,768 enrolled students and Rasmussen University with 8,469 enrolled students. Hospitals nearby the property include Mid Florida Hospital, Orlando health South and Palm Springs Medical Center. New home developments in the area include The Pointe at Merritt Street, which is sold out, and apartment complexes in the area include Longwood Gardens, Waltervue at Longwood, Heritage Village Apartments, Weston Park Apartments, Integra Lakes and Castle Woods. Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB & T and SunTrust Banks. Truist operates 2,781 bank branches in 15 states and Washington, D.C. The company offers consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. Truist is on the list of largest banks in America by assets; as of August 2023 it is the 9th largest bank with $514 Billion in assets. Trusit Insurance Holdings is the seventh largest insurance broker in the world with $2.27 Billion in annual revenue. As of the year 2023, Truist employs over 51,169 employees.

Exclusively Listed By

Financing By

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