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Bank

Regions, Lake Nona

Narcoossee Rd & Laureate Blvd, Orlando, FL 32832

Listing Price: $3,625,000

Cap Rate
4.00%
Tenant Name
Regions Bank, Lake Nona
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand-New
Absolute Net Leased Regions Bank located on the South West Corner
of Narcoossee Road and Laureate Boulevard in Orlando, Florida. The
freestanding single-tenant property consists of a 2,700 Square Foot
building and is situated on a 1.02 Acre parcel of land.
The property is located in the heart of Lake Nona, a 17-squaremile,
integrated and collaborative community designed and built
from scratch in Orlando and anchored by clusters of excellence in
wellbeing, sports and performance, education and technology. The
subject property is also part of Lake Nona Greenwood, a new 46.80-
acre mixed used development comprised of 306 Apartments and
several commercial lots featuring 7-Eleven, Bank of America, Wash
City Car Wash, El Meson, Little Gym, Pristine Spa, Noire Nail Bar,
Tijuana Flats, and Kumon Learning Center. The immediate trade area
is also home to Publix, Chase Bank, Smoothie King, Burger Fi, First
Watch, Chick-Fil-A, and numerous strip centers made up of National
and Regional Tenants.
Regions Bank executed a 15 Year Absolute NNN Lease with attractive
rental increases of 10 percent every five years. This brand new Regions
is currently under construction and is expected to be completed in the
early days of November 2021. The lease is backed by Regions Bank
Corporation and rent has already commenced.
Regions Financial Corporation is a member of the S&P 500 Index and
is one of the nations largest full-service providers of consumer and
commercial banking, wealth management and mortgage products
and services. Regions serves customers across the South, Midwest
and Texas.
**Adjacent Parcel (7-Eleven) also available for sale. Please contact
listing agent for more information.

Investment Highlights

  • Brand New Construction Regions Bank
  • Corporate Guarantee | S&P Credit Rating: BBB+
  • No Landlord Responsibilities | 15 Year Absolute NNN Lease
  • Attractive Rent Growth | 10% Every 5 Years
  • Traffic Counts | 39,500 Vehicles Per Day
  • Lake Nona is One of the Fastest-Selling Communities in the U.S

Exclusively Listed By

Listing Price: $3,625,000

Cap Rate
4.00%
Tenant Name
Regions Bank, Lake Nona
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Lease Type
Triple Net (NNN)

Investment Highlights

  • Brand New Construction Regions Bank
  • Corporate Guarantee | S&P Credit Rating: BBB+
  • No Landlord Responsibilities | 15 Year Absolute NNN Lease
  • Attractive Rent Growth | 10% Every 5 Years
  • Traffic Counts | 39,500 Vehicles Per Day
  • Lake Nona is One of the Fastest-Selling Communities in the U.S

Investment Overview

Marcus & Millichap is pleased to present for sale this Brand-New
Absolute Net Leased Regions Bank located on the South West Corner
of Narcoossee Road and Laureate Boulevard in Orlando, Florida. The
freestanding single-tenant property consists of a 2,700 Square Foot
building and is situated on a 1.02 Acre parcel of land.
The property is located in the heart of Lake Nona, a 17-squaremile,
integrated and collaborative community designed and built
from scratch in Orlando and anchored by clusters of excellence in
wellbeing, sports and performance, education and technology. The
subject property is also part of Lake Nona Greenwood, a new 46.80-
acre mixed used development comprised of 306 Apartments and
several commercial lots featuring 7-Eleven, Bank of America, Wash
City Car Wash, El Meson, Little Gym, Pristine Spa, Noire Nail Bar,
Tijuana Flats, and Kumon Learning Center. The immediate trade area
is also home to Publix, Chase Bank, Smoothie King, Burger Fi, First
Watch, Chick-Fil-A, and numerous strip centers made up of National
and Regional Tenants.
Regions Bank executed a 15 Year Absolute NNN Lease with attractive
rental increases of 10 percent every five years. This brand new Regions
is currently under construction and is expected to be completed in the
early days of November 2021. The lease is backed by Regions Bank
Corporation and rent has already commenced.
Regions Financial Corporation is a member of the S&P 500 Index and
is one of the nations largest full-service providers of consumer and
commercial banking, wealth management and mortgage products
and services. Regions serves customers across the South, Midwest
and Texas.
**Adjacent Parcel (7-Eleven) also available for sale. Please contact
listing agent for more information.

Exclusively Listed By

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