83 Towne Center BlvdSanford, FL 32771

Property Details for 83 Towne Center Blvd

Year built

2024

Lot size

0.94 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Other 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.

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8108

Longitude

-81.3338

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