Just Listed! Regions Bank Ground Lease in Orlando, Florida

Just Listed! Regions Bank Ground Lease in Orlando, Florida

Investment Overview:

Marcus & Millichap is pleased to present for sale this Brand-New
Absolute Net Leased Regions Bank located on the South West Corner
of Narcoossee Road and Laureate Boulevard in Orlando, Florida. The
freestanding single-tenant property consists of a 2,700 Square Feet
building and is situated on a 1.02 Acre parcel of land.

The property is located in the heart of Lake Nona, a 17-square-
mile, integrated and collaborative community designed and built

from scratch in Orlando and anchored by clusters of excellence in
wellbeing, sports and performance, education and technology. The
subject property is also part of Lake Nona Greenwood a new 46.80-
acre mixed used development comprised of 306 Apartments and
several commercial lots featuring 7-Eleven, Bank of America, Wash
City Car Wash, El Meson, Little Gym, Pristine Spa, Noire Nail Bar,
Tijuana Flats, and Kumon Learning Center. The immediate trade area
is also home to Publix, Chase Bank, Smoothie King, Burger Fi, First
Watch, Chick-Fil-A, and numerous strip centers made up of National
and Regional Tenants.
Regions Bank executed a 15 Year Absolute NNN Lease with attractive
rental increases of 10 percent every five years. This brand new Regions
is currently under construction and is expected to be completed in the
early days of November 2021. The lease is backed by Regions Bank
Corporation and rent has already commenced.
Regions Financial Corporation is a member of the S&P 500 Index and
is one of the nation’s largest full-service providers of consumer and
commercial banking, wealth management and mortgage products
and services. Regions serves customers across the South, Midwest
and Texas.
**Adjacent Parcel (7-Eleven) also available for sale. Please contact
listing agent for more information.

Investment Highlights:

■ Brand New Construction Regions Bank
■ Corporate Guarantee | S&P Credit Rating: BBB+
■ No Landlord Responsibilities | 15 Year Absolute NNN Lease
■ Attractive Rent Growth | 10% Every 5 Years
■ Traffic Counts | 39,500 Vehicles Per Day
■ Superb Demographics | Over 63,000 Full Time Residents in
the Immediate Area
■ Affluent Market | Average Household Income Exceeds
$113,321 in 1-mile
■ 1% of Lake Nona Residents Report Average Household
Income Exceeding $200,000
■ Located within Lake Nona, a 17-Square-Mile, Integrated and
Collaborative Community in Orlando
■ Lake Nona is One of the Fastest-Selling Communities in the
■ Located in a New 46.80-Acre Mixed Use Development
Featuring 306 Apartments and a Plethora of Service Retail
and Restaurants
■ Florida is a “No Income Tax State

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