SEC US 441 and JW Simpson way - Bank FOR SALE
Mount Dora, FL 32757 |
$2,667,000 USD
954-302-7365
SEC US 441 and JW Simpson way
Mount Dora, FL 32757
HIGHLIGHTS
- Brand New 20-Year Lease | 2026 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Absolute NNN Ground Lease | Leased Fee (Land Ownership) | Zero Landlord Responsibilities | No State Income Tax
- Part of Larger Development | New Commercial and Residential | Surrounding Retailers | Strong Real Estate Value
- Strong Demographics In 5-mile Trade Area
OVERVIEW
• Brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The tenant, Fifth Third Bank, is an investment grade tenant (S&P: A-) with more than 1,100 locations
• The lease features 10% rental increases every 5 years and at the beginning of each option period, boosting NOI and hedging against inflation
FOR SALE DETAILS
PRICE
$2,667,000 USD
PRICE/SF
$1,248 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Fifth Third Bank - Mount Dora FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
County PUD
APN/PARCEL ID
-
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954-302-7365
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954-302-7365
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