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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 RailDriveWalkDistance
Sanford (SunRail - Florida Department of Transportation) 7 min - 3.3 mi
Sanford Amtrak Auto Train Station (Auto Train - Amtrak) 7 min - 3.4 mi
AirportDriveWalkDistance
Orlando Sanford International 16 min - 8.4 mi
Orlando International 45 min - 36.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners