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 retail property, located at 83 Towne Center Boulevard in Sanford, Florida, presents a compelling investment opportunity. The 2,500 square foot building, constructed in 2024, sits on a 0.94-acre lot and boasts a strong 4.50% capitalization rate, generating a net operating income (NOI) of $175,000. The asking price is $3,888,888. The property is currently leased to a tenant with an A1 (Moody's) and AA- (S&P) credit rating under a highly desirable absolute NNN ground lease. This ensures minimal landlord responsibilities and a passive income stream. The lease term is a substantial 10 years, providing long-term stability and predictable cash flow, further enhanced by three 5-year lease options. This turnkey investment is ideally situated in Seminole County, Florida, within the vibrant Towne Center Boulevard area, offering excellent visibility and accessibility. The property's modern construction and strong tenant covenant make it an attractive proposition for discerning investors seeking a secure and profitable addition to their portfolio. The zip code is 32771.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.3338
- Latitude
- 28.8108
