801 State Road 434 Longwood, FL 32750

Property Details for 801 State Road 434

Year built

1974

Construction

CONCRETE BLOCKS

Lot size

1.45 lot acres

Property size

6,000 SF

Property type

Banks

APN

32-20-30-510-020A-0000

APU

322030510020A0000

Description

This fee-simple, absolute NNN-leased Truist Bank in Longwood, Florida, presents a compelling investment opportunity. Boasting a 6.75% cap rate, the 5,904 square foot property sits on a 1.45-acre lot at a signalized intersection with over 27,000 vehicles daily. The 20-year lease, commencing July 25, 2007, and expiring July 31, 2027, includes two five-year options and 10% rent bumps every five years. The property, built in 1974 and renovated in 2008 and 2022, benefits from a strong tenant, Truist Bank, with deposits exceeding $113 million in 2023. Its prime location is surrounded by numerous colleges and universities, including Freedom State University, Seminole State College, Troy University, and Rasmussen University, as well as hospitals like Mid Florida Hospital and Orlando Health South. The asking price is $4,023,467, representing a price per square foot of $681.48. The property's strong tenant, location, and lease terms make it an attractive investment with significant intrinsic value. The current NOI is $271,584. This single-story building features a drive-thru. The property is located in the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

Location Insight

City

Longwood

County

Seminole

State

Florida

Longitude

-81.3335

Latitude

28.6984

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments