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TD Bank - NNN Ground Lease 83 Towne Center Blvd 2,486 SF Retail Building Sanford, FL 32771 $5,039,271 CAD ($2,027.06 CAD/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- New Absolute NNN Ground Lease by TD Bank (NYSE: TD) - Grand Opening October 2024
- Brand New 2024 Prototype with Double Drivethru - Large 1.038 Acre Site
- 10th Largest Bank in the U.S. - $400B+ in Assets/ 1100+ Locations
- Hyper Dense PAD to Gateway Plaza Power Center - Surrounded by Walmart/Target/BJ’s Club
- Affluent Suburb of Orlando FL ($119,491 HHI) - One of Fastest Growing MSA’s in the Country
- Irreplaceable Site ½ Mile from Seminole Towne Center (1.13M SF) - Seminole Marketplace (318K SF)
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased TD Bank in Sanford, FL. TD Bank (NYSE: TD) operates over 1,100 branches across the US and has investment grade credit rating of Aa1 from Moody’s (S&P: AA-). The ground lease has over 9.5 years remaining in the primary term with three 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities making this asset ideal for an investor seeking passive cash flows.
The 2,486 SF building on 1.038-acre parcel is strategically located on the hard corner signalized intersection of W Florida 46 (33,800 VPD) and Towne Center Blvd and is positioned in the main retail corridor of Sanford. The 1.13 million SF Seminole Towne Center is only a half mile away while the 318,000 SF Marketplace at Seminole is less than a mile from the subject property. Other nearby retailers include Walmart Supercenter, Target, Dick’s, Floor & Decor, KFC, Texas Roadhouse and more.
The 2,486 SF building on 1.038-acre parcel is strategically located on the hard corner signalized intersection of W Florida 46 (33,800 VPD) and Towne Center Blvd and is positioned in the main retail corridor of Sanford. The 1.13 million SF Seminole Towne Center is only a half mile away while the 318,000 SF Marketplace at Seminole is less than a mile from the subject property. Other nearby retailers include Walmart Supercenter, Target, Dick’s, Floor & Decor, KFC, Texas Roadhouse and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,486 SF
Building Class
C
Year Built
2024
Price
$5,039,271 CAD
Price Per SF
$2,027.06 CAD
Cap Rate
4.85%
NOI
$244,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.03 AC
Zoning
PD - PLANNED UNIT DEVELOPMENT
Parking
25 Spaces (10.06 Spaces per 1,000 SF Leased)
Frontage
528’ on Towne Center Boulevard
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-19-30-519-0000-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,033,590 CAD | Total Assessment | $2,033,590 CAD |
PROPERTY TAXES
Parcel Number
29-19-30-519-0000-0010
Land Assessment
$2,033,590 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,033,590 CAD
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TD Bank - NNN Ground Lease | 83 Towne Center Blvd
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