Truist

Truist

Lake Mary, FL

Lake Mary, FL

Truist

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Lake Mary, FL. The property consists of a 8,515-square-foot, freestanding building that sits on approximately 1.73 acres of land. There are 7.8 years remaining on the lease with 1.5% rental increases annually.

Price $6,982,000
Cap Rate 5.40%
Building Size 8,515 sqft
Lot Size 1.73 acres
Offering Memorandum

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 7.8 Years Remaining and Annual 1.5% Rent Increases
  • Top-Performing Branch - $268M in Deposits
  • Large 1.73 Acre Parcel with Ample Parking and Multiple Access Points
  • Signalized Hard Corner Location on West Lake Mary Boulevard (55,181 VPD) With Easy Access to Interstate 4 (126,339 VPD)
  • More Than 144,431 Residents and 190,306 Employees Within a Five-Mile Radius

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739
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