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Truist

4240 W Lake Mary Blvd, Lake Mary, FL 32746

Listing Price: $6,500,000

Cap Rate
5.80%
Tenant Name
Truist
Years Remaining On Lease
7.4
Gross SF
8,515
Guarantor
Corporate Guarantee
Rentable SF
8,515
Price/Gross SF
$763.36
Lease Type
Absolute Net
Rent Per Square Feet
$44.28

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Lake Mary, FL. The property consists of a 8,515-square-foot, freestanding building that sits on approximately 1.73 acres of land. There are 7.3 years remaining on the lease with 1.5% rental increases annually.

Investment Highlights

  • Absolute Net Lease with 7.3 Years Remaining and Annual 1.5% Rent Increases
  • Top-Performing Branch - $268M in Deposits
  • Large 1.73 Acre Parcel with Ample Parking and Multiple Access Points
  • Signalized Hard Corner Location on West Lake Mary Boulevard (55,181 VPD) With Easy Access to Interstate 4 (126,339 VPD)
  • More Than 144,431 Residents and 190,306 Employees Within a Five-Mile Radius
  • Large 1.73-Acre Parcel Located on High-Traffic Signalized Hard Corner, Providing Strong Intrinsic Value
  • #1 Ranked Truist Branch for Deposit Base in Seminole County – Ranked in the 97th Percentile for Deposit Base in Florida
  • Dense Retail Corridor Anchored by Target, The Home Depot, Publix, LA Fitness, Hobby Lobby, T.J. Maxx, and Topgolf

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $6,500,000

Cap Rate
5.80%
Tenant Name
Truist
Years Remaining On Lease
7.4
Gross SF
8,515
Guarantor
Corporate Guarantee
Rentable SF
8,515
Price/Gross SF
$763.36
Lease Type
Absolute Net
Rent Per Square Feet
$44.28

Investment Highlights

  • Absolute Net Lease with 7.3 Years Remaining and Annual 1.5% Rent Increases
  • Top-Performing Branch - $268M in Deposits
  • Large 1.73 Acre Parcel with Ample Parking and Multiple Access Points
  • Signalized Hard Corner Location on West Lake Mary Boulevard (55,181 VPD) With Easy Access to Interstate 4 (126,339 VPD)
  • More Than 144,431 Residents and 190,306 Employees Within a Five-Mile Radius
  • Large 1.73-Acre Parcel Located on High-Traffic Signalized Hard Corner, Providing Strong Intrinsic Value
  • #1 Ranked Truist Branch for Deposit Base in Seminole County – Ranked in the 97th Percentile for Deposit Base in Florida
  • Dense Retail Corridor Anchored by Target, The Home Depot, Publix, LA Fitness, Hobby Lobby, T.J. Maxx, and Topgolf

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Lake Mary, FL. The property consists of a 8,515-square-foot, freestanding building that sits on approximately 1.73 acres of land. There are 7.3 years remaining on the lease with 1.5% rental increases annually.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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