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2675 W Sr 434
Longwood, FL 32779 Wekiva

$3,667,000 USD

General Retail For Sale  •  3,176 SF

Property Details

• Property Type General Retail
• Total Building Size 3,176 SF
• Lot Size 1.52 AC
• Year Built 1986
• Cap Rate 4.50 %
• Tenancy Single

0 Transit Score

55 Walk Score

Highlights

Rare 20-year initial term with an average CAP of 5.22%

PNC Bank, NA is rated A- by S&P and operates +/- 2,200 branches across 27 states

1.52 AC signalized corner with over 53,000 VPD located between two Publix anchored shopping centers less than 1 mile apart

Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner

Fixed 10% increases provide hedge against inflation and an average return of 5.22% over the base term of the lease

Fee simple ownership allows for depreciation of the building boosting after tax returns

Cap Rate:

4.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
PNC Bank

Public Transportation

Airport	Drive	Walk	Distance
Orlando Sanford International	26 min	-	15.4 mi
Orlando International	40 min	-	24.8 mi
Daytona Beach International	54 min	-	43.3 mi