Freestanding Bank Branch
5760 SE County Hwy 484 Belleview, FL 34420
For Sale
Contact for pricing
Freestanding Truist branch on a high-traffic arterial, offered on an absolute net lease basis.
Property Size7,925 SF
Lot Size1.21 Acres
Price / SF$201.89
Days on Market57
Property Features for 5760 SE County Hwy 484
General Information
Standard status
Active
Size
7,925 SF
Lot size
1.21 Acres
Property subtype
Retail
Building Details
Year Built
1984
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Ryan Wolf · License #TX 622900
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 27 at 4:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The offering is an absolute net leased Truist Financial Corporation branch presented as a freestanding facility. The property contains a 7,925-square-foot branch building on a 1.21-acre site. The location has been operating as a Truist Bank facility for approximately 18 years. Lease terms include 1.5% annual rent increases.
The property is situated near the intersection of SE Abshier Blvd and County Highway 484. County Highway 484 is reported to carry a combined 43,700 vehicles per day. The asset is located approximately 11 miles north of The Villages.
This is a straightforward fit for investors seeking an absolute net leased, single-tenant bank branch with an established operating history and contractual annual rent increases. The freestanding setup supports a dedicated branch footprint on its own parcel, while the primary road exposure aligns with day-to-day customer access needs.
The property is situated near the intersection of SE Abshier Blvd and County Highway 484. County Highway 484 is reported to carry a combined 43,700 vehicles per day. The asset is located approximately 11 miles north of The Villages.
This is a straightforward fit for investors seeking an absolute net leased, single-tenant bank branch with an established operating history and contractual annual rent increases. The freestanding setup supports a dedicated branch footprint on its own parcel, while the primary road exposure aligns with day-to-day customer access needs.
Key Highlights
- 7,925 SF freestanding Truist Financial branch on 1.21 acres
- Absolute net lease with 1.5% annual rent increases
- Operated as a Truist Bank location for approximately 18 years
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $17.04 |
| − Vacancy | −$7.0k | −$0.89 |
| EGI | $128.0k | $16.15 |
| − OpEx | −$32.0k | −$4.04 |
| NOI | $96.0k | $12.12 |
7,925 SF · lease $17.04/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.85M
$2.49M – $3.32M
NOI $199,325 @ 7.0% cap · market cap 12.46%
Second Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,015 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $302,935 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Freestanding Truist branch on a high-traffic arterial, offered on an absolute net lease basis.
Where is this bank located?
The property is located at 5760 SE County Hwy 484 Belleview, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,925 SF freestanding Truist Financial branch on 1.21 acres; Absolute net lease with 1.5% annual rent increases; Operated as a Truist Bank location for approximately 18 years
