110 Towne Center Blvd - Storefront FOR SALE
Sanford, FL 32771 |
110 Towne Center Blvd
Sanford, FL 32771
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Value-Add Retail Center For Sale | 6.50% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
7191
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
29-19-30-504-0000-0040
