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Bank

Regions Bank Ground Lease

2101 E Semoran Blvd, Apopka, FL 32703

Listing Price: $3,596,000

Cap Rate
5.75%
Tenant Name
Regions Bank
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
3,157
Lease Type
Absolute Net
Rent Per Square Feet
$65.50

Investment Overview

Regions Bank is an outparcel to Wekiva Riverwalk, a 242,000 square foot power center anchored by Ross Dress For Less, Marshalls, Bed Bath & Beyond, Petco, Five Below and newly renovated, stadium seating Regal Cinemas movie theater. Regions Bank’s 3,157 square foot building is on a .62 acre parcel located at a highly visible entrance to the center with traffic counts of 39,170 vehicles per day on East Semoran Boulevard. The building has four drive thru lanes. Regions Bank is currently in a five-year extension of its second of six five-year options. The base rent features 2% annual increases. There are four option terms remaining with 4% annual rent increases. The subject property is located in Apopka, FL, a rapidly growing city in the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, only 17 miles from downtown Orlando. It is the second largest city in the county. There are currently an estimated $570 million worth of apartment, industrial and retail projects planned or under construction in Apopka.

Investment Highlights

  • Zero Landlord Responsibility Ground Lease
  • Four Drive-Thru Lanes
  • Investment Grade Tenant

Exclusively Listed By

Listing Price: $3,596,000

Cap Rate
5.75%
Tenant Name
Regions Bank
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
3,157
Lease Type
Absolute Net
Rent Per Square Feet
$65.50

Investment Highlights

  • Zero Landlord Responsibility Ground Lease
  • Four Drive-Thru Lanes
  • Investment Grade Tenant

Investment Overview

Regions Bank is an outparcel to Wekiva Riverwalk, a 242,000 square foot power center anchored by Ross Dress For Less, Marshalls, Bed Bath & Beyond, Petco, Five Below and newly renovated, stadium seating Regal Cinemas movie theater. Regions Bank’s 3,157 square foot building is on a .62 acre parcel located at a highly visible entrance to the center with traffic counts of 39,170 vehicles per day on East Semoran Boulevard. The building has four drive thru lanes. Regions Bank is currently in a five-year extension of its second of six five-year options. The base rent features 2% annual increases. There are four option terms remaining with 4% annual rent increases. The subject property is located in Apopka, FL, a rapidly growing city in the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, only 17 miles from downtown Orlando. It is the second largest city in the county. There are currently an estimated $570 million worth of apartment, industrial and retail projects planned or under construction in Apopka.

Exclusively Listed By

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