Listed by Marcus & Millichap - Dallas
$1,600,000
Truist (18-Year Operating History)
Details
Property Type Retail
Sub Type Bank
Square Footage 7,925
Cap Rate 6.16%
NOI $98,560
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options Six, 5-year
Price per SqFt $202
Year Built 1984
Acreage 1.210
Investment Type Net Lease
Lease Commencement 10/01/2008
Ground Lease No
Ownership Fee Simple
Retail | 6.16% CAP | 7,925 SqFt
Marketing description
Offered for sale is an absolute net leased Truist Financial Corporation branch located in Belleview. The 7,925-square-foot freestanding branch sits on 1.21 acres near the intersection of SE Abshier Blvd and County Highway 484, which carries a combined 43,700 vehicles per day. The property has operated as a Truist Bank location for approximately 18 years and features 1.5 percent annual rent increases. The asset is located approximately 11 miles north of The Villages, one of the nation’s top-selling master-planned communities.
Investment highlights
- Absolute Net Lease With 2.3 Years Remaining | 1.5 percent Annual Rent Increases | 18-Year Operating History at This Location
- Situated Near the Intersection of SE Abshier Blvd & County Highway 484 (Combined 43,700 VPD)
- Freestanding 7,925-SF Branch on 1.21 Acres With Ample Parking and Multiple Access Points
- Approximately 11 Miles North of The Villages — the Nation's Top-Selling Master-Planned Community for 14 of the Last 15 Years
- Ocala MSA Ranked Among the Fastest-Growing Metropolitan Areas in the United States for Two Consecutive Years
- Marion County Maintains a Cost of Living Below the National Average, Supporting Sustained Consumer Banking Demand
- Truist Financial Corporation (NYSE: TFC | S&P: A-) — Top-10 U.S. Commercial Bank With $547.5 Billion in Total Assets as of Year-End 2025
Listing Contacts
Listed by Marcus & Millichap - Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,560.00
$8,213.33/mo
Valuation Metrics
0
DSCR
6.16%
Cap Rate
6.16%
ROI
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