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120 Towne Center Blvd
Sanford, FL 32771 Sanford

$2,523,077 USD

Freestanding For Sale  •  7,000 SF

Property Details

• Property Type Freestanding
• Total Building Size 7,000 SF
• Lot Size 0.91 AC
• Building Class B
• Year Built 1998
• Cap Rate 6.50 %
• Tenancy Multiple
• Zoning PD

23 Transit Score

44 Walk Score

Highlights

Located on the way to and from Seminole Towne Center Mall which is currently being redeveloped into a super-regional mixed-use project

Full access from signalized intersection with prominent visibility along Towne Center Blvd. and pylon signage fronting SR-46 (35,500 VPD)

Rent is secured by Mattress Firm (2,300 locations) and Optical Outlets (50+ locations) both with long-term corporate leases

The building received a new roof in 2022 and 3 new HVAC units in 2023

Fixed rental increases provides hedge against inflation

Fee simple ownership allows for depreciation boosting after tax returns

Cap Rate:

6.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Mattress Firm
Optical Outlets

Amenities

• Dedicated Turn Lane
• Freeway Visibility
• Pylon Sign
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.3 mi
	7 min	-	3.4 mi
Airport	Drive	Walk	Distance
Orlando Sanford International	17 min	-	9.8 mi
Daytona Beach International	42 min	-	33.0 mi
Orlando International	46 min	-	36.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes