Truist Bank Ground Lease | 15967 New Independence Pky
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Truist Bank Ground Lease 15967 New Independence Pky
5,000 SF 100% Leased Office Building Winter Garden, FL 34787 £3,105,813 (£621/SF) 4% Net Initial Yield
Investment Highlights
- New 15-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
- High-Quality 2023 Construction with a Dual Lane Drive-Thru
- Average Household Income Exceeds $102,000 in the Immediate Area
- 10% Rental Increases Every 5 Years
- Rapidly Growing Trade Area - Households and Population Projected to Increase Over 16.21% within 1 Mile by 2028
Executive Summary
Truist Financial Corporation is a bank holding company based in the United States, formed in 2019 through the merger of BB&T Corporation and SunTrust Banks. Headquartered in Charlotte, North Carolina, Truist is one of the largest financial institutions in the country, offering a wide range of services. Truist operates branches primarily in the Southeastern and Mid-Atlantic regions of the U.S., serving millions of customers through both physical locations and digital banking platforms.
Hamlin is the town center of Horizon West, a 21,000-acre master planned community that has experienced over 234% population growth from 2013 to 2022, making it one of the fastest-growing communities in the U.S. It comprises five residential villages, carefully designed to ensure residents are within close proximity to schools, public parks, trails, and other amenities.
Hamlin is the town center of Horizon West, a 21,000-acre master planned community that has experienced over 234% population growth from 2013 to 2022, making it one of the fastest-growing communities in the U.S. It comprises five residential villages, carefully designed to ensure residents are within close proximity to schools, public parks, trails, and other amenities.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,000 SF
Building Class
C
Year Built
2020
Price
£3,105,813
Price Per SF
£621
Net Initial Yield
4%
NOI
£124,233
Percent Leased
100%
Number of Floors
1
Typical Floor Size
5,000 SF
Building FAR
0.12
Lot Size
0.93 AC
Zoning
P-D
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PROPERTY TAXES
| Parcel Number | 27-2321-2719-01-003 | Improvements Assessment | £1,424,032 |
| Land Assessment | £828,860 | Total Assessment | £2,252,892 |
PROPERTY TAXES
Parcel Number
27-2321-2719-01-003
Land Assessment
£828,860
Improvements Assessment
£1,424,032
Total Assessment
£2,252,892
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Truist Bank Ground Lease | 15967 New Independence Pky
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