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Bank

Truist Bank Ground Lease

15967 New Independence Pkwy, Winter Garden, FL 34787

Listing Price: $3,875,000

Cap Rate
4.00%
Tenant Name
Truist Bank
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.00

Investment Overview

Truist Financial Corporation is a bank holding company based in the United States, formed in 2019 through the merger of BB&T Corporation and SunTrust Banks. Headquartered in Charlotte, North Carolina, Truist is one of the largest financial institutions in the country, offering a wide range of services. Truist operates branches primarily in the Southeastern and Mid-Atlantic regions of the U.S., serving millions of customers through both physical locations and digital banking platforms.
Hamlin is the town center of Horizon West, a 21,000-acre master planned community that has experienced over 234 percent population growth from 2013 to 2022, making it one of the fastest-growing communities in the U.S. It comprises five residential villages, carefully designed to ensure residents are within close proximity to schools, public parks, trails, and other amenities.

Investment Highlights

  • New 15-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
  • Ten Percent Rental Increases Every Five Years
  • High-Quality 2020 Construction with a Dual Lane Drive-Thru
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 16.21 Percent within One Mile by 2028
  • Average Household Income Exceeds $102,000 in the Immediate Area
  • 383,115 Residents within a Five-Mile Radius - Orlando MSA

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $3,875,000

Cap Rate
4.00%
Tenant Name
Truist Bank
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.00

Investment Highlights

  • New 15-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
  • Ten Percent Rental Increases Every Five Years
  • High-Quality 2020 Construction with a Dual Lane Drive-Thru
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 16.21 Percent within One Mile by 2028
  • Average Household Income Exceeds $102,000 in the Immediate Area
  • 383,115 Residents within a Five-Mile Radius - Orlando MSA

Investment Overview

Truist Financial Corporation is a bank holding company based in the United States, formed in 2019 through the merger of BB&T Corporation and SunTrust Banks. Headquartered in Charlotte, North Carolina, Truist is one of the largest financial institutions in the country, offering a wide range of services. Truist operates branches primarily in the Southeastern and Mid-Atlantic regions of the U.S., serving millions of customers through both physical locations and digital banking platforms. Hamlin is the town center of Horizon West, a 21,000-acre master planned community that has experienced over 234 percent population growth from 2013 to 2022, making it one of the fastest-growing communities in the U.S. It comprises five residential villages, carefully designed to ensure residents are within close proximity to schools, public parks, trails, and other amenities.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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