7350 Lake Underhill RdOrlando, FL 32822

Property Details for 7350 Lake Underhill Rd

Year built

2004

Lot size

1.15 AC

Property size (Sq ft)

5,701 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Banks

APN

35-22-30-6400-02-445

APU

352230640002445

Description

This exceptional investment opportunity presents a fee-simple interest in a freestanding Regions Bank branch located at 7350 Lake Underhill Rd, Orlando, FL 32822. Built in 2004 as a build-to-suit, this 3,820 square foot retail property sits on a 1.15-acre lot and boasts a 6.90% cap rate with a current NOI of $250,000. The property benefits from a credit-rated, corporate guarantee from Regions Bank (S&P: BBB+), providing secure, long-term cash flow. The lease has 5.1 years remaining with three 5-year renewal options, and there are zero landlord responsibilities. Strategically located 5 miles east of Downtown Orlando, this hard-corner location enjoys high visibility and traffic, exceeding 164,500 vehicles per day. The surrounding area is a thriving commercial corridor with numerous restaurants, hotels, and national retailers, further enhancing the property's value. Proximity to AdventHealth East Orlando hospital, a major medical facility, adds to the desirability of this location. The area has experienced significant population growth (13.2% in the past decade) and boasts an average household income exceeding $91,000 within a five-mile radius. Regions Bank's strong performance, with over 91% deposit growth since 2018, underscores the investment's stability. This rare opportunity offers investors a secure, high-yield asset in a prime Orlando location. The property's strong fundamentals and tenant creditworthiness make it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,991,188

  6.5%

  $1,838,020

  7%

  $1,706,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,255,975

  Geo Method

  $2,255,975

• Alternative Use

  Use

  Valuation

  Residential

  $1,550,438

  Hospitality

  $1,420,193

  Educational

  $1,181,584

  Medical

  $1,222,221

  Retail

  $1,838,020

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5387

Longitude

-81.2862

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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