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801 E State Road 434
Longwood, FL 32750
Truist Bank - Orlando MSA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Truist Bank | Fee Simple Absolute NNN Lease | Recent Lease Extension Showing Strong Commitment to the Site
- Strong Deposits Exceeding $113 Million in 2023
- Oversized 1.45 Acre Parcel of Land |Strong Intrinsic Value | Drive Thru Equipped
- Longwood, FL Location | Part of Orlando-Kissimmee-Sanford Metropolitan Statistical Area
- Located at a Signalized Intersection | Strong Traffic Counts Exceeding 27,000 Vehicles Per Day
- As of August 2023, Truist is the 9th Largest Bank with $514 Billion in Assets and Employs Over 51,169 Employees
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Truist Bank located at 801 E. State Road 434 in Longwood, Florida. Longwood is a city in Seminole County, Florida with population of 15,087 and is part of the Orlando-Kissimmee-Sanford Florida Metropolitan Statistical Area. Top employers in Longwood, Florida include South Seminole Hospital with 1,032 employees, UPS with 703 employees, Comprehensive Energy Services, Seminole County Schools, and S.I. Goldman.
Subject to a fee simple absolute NNN Lease, this Truist Bank has strong deposits exceeding $113 Million and is located on a signalized intersection with traffic counts exceeding 27,000 Vehicles Per Day.
Many colleges and universities surround this Truist property including Freedom State University with 4,614 enrolled students, Seminole State College with 15,315 enrolled students, Troy University with 10,768 enrolled students and Rasmussen University with 8,469 enrolled students. Hospitals nearby the property include Mid Florida Hospital, Orlando health South and Palm Springs Medical Center.
New home developments in the area include The Pointe at Merritt Street, which is sold out, and apartment complexes in the area include Longwood Gardens, Waltervue at Longwood, Heritage Village Apartments, Weston Park Apartments, Integra Lakes and Castle Woods.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB & T and SunTrust Banks. Truist operates 2,781 bank branches in 15 states and Washington, D.C. The company offers consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. Truist is on the list of largest banks in America by assets; as of August 2023 it is the 9th largest bank with $514 Billion in assets. Trusit Insurance Holdings is the seventh largest insurance broker in the world with $2.27 Billion in annual revenue. As of the year 2023, Truist employs over 51,169 employees.
Subject to a fee simple absolute NNN Lease, this Truist Bank has strong deposits exceeding $113 Million and is located on a signalized intersection with traffic counts exceeding 27,000 Vehicles Per Day.
Many colleges and universities surround this Truist property including Freedom State University with 4,614 enrolled students, Seminole State College with 15,315 enrolled students, Troy University with 10,768 enrolled students and Rasmussen University with 8,469 enrolled students. Hospitals nearby the property include Mid Florida Hospital, Orlando health South and Palm Springs Medical Center.
New home developments in the area include The Pointe at Merritt Street, which is sold out, and apartment complexes in the area include Longwood Gardens, Waltervue at Longwood, Heritage Village Apartments, Weston Park Apartments, Integra Lakes and Castle Woods.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB & T and SunTrust Banks. Truist operates 2,781 bank branches in 15 states and Washington, D.C. The company offers consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. Truist is on the list of largest banks in America by assets; as of August 2023 it is the 9th largest bank with $514 Billion in assets. Trusit Insurance Holdings is the seventh largest insurance broker in the world with $2.27 Billion in annual revenue. As of the year 2023, Truist employs over 51,169 employees.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,904 SF
Building Class
B
Year Built/Renovated
1974/2022
Price
$5,616,745 CAD
Price Per SF
$951.35 CAD
Cap Rate
6.75%
NOI
$379,110 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.45 AC
Zoning
Commercial
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 32-20-30-510-020A-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,885,810 CAD |
PROPERTY TAXES
Parcel Number
32-20-30-510-020A-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,885,810 CAD
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