83 Towne Center Blvd Sanford, FL 32771
- Retail properties
- 2,500 SF
- 0.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 83 Towne Center Blvd
- Year built
- 2024
- Lot size
- 0.94 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,500 square foot retail property located at 83 Towne Center Boulevard, Sanford, Florida 32771. The property sits on a 0.94-acre lot and boasts a brand-new, 2024-built structure currently leased to TD Bank, a tenant with an A1 (Moody's) and AA- (S&P) credit rating, ensuring financial stability. The absolute NNN lease agreement significantly minimizes landlord responsibilities, offering a truly passive investment. The lease term is for 10 years, providing long-term security, and includes three 5-year renewal options, further enhancing the investment's longevity. The property generates a substantial net operating income (NOI) of $175,000 annually, resulting in an attractive 4.50% capitalization rate. The asking price is $3,888,888. This turnkey investment is ideal for those seeking a low-maintenance, high-return property with a blue-chip tenant in a desirable location within Seminole County. The property's strategic location in Sanford, Florida, offers excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.3342
- Latitude
- 28.8113
