Regions Bank (GL)

2101 East Semoran Boulevard, Apopka, FL 32703

$4,141,293

Cap Rate 5.51%

Views: 158 DOM: 307 Updated: 11.11.24 Posted: 02.18.24 Status: Active

Summary

Price $4,141,293	Built/Renov 1989	Tenant Regions Bank (GL)
Cap Rate 5.51%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,157	Lease Start 03-31-1989	#Units 1,280
Price/SF $1,311.78	Expiration 08-27-2029	Tenant Type Bank/Financial
NOI $228,220	R. Term 4.8	Ownership Ground Lease
Rent/SF $72.29	Increases 4.0%/1/yrs	Pop 5Mi 185,904
Lot/AC 0.62	Options 3/5yrs/4%	AHHI 5Mi $84,797

Lease Highlights

Regions Bank has been operating in this location since 1989
The tenant has 4+ years remaining on the current ground lease term with 3 (5-year) options to extend
The lease features 4% annual rental increases throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Regions Bank is strategically located on E. Sermoran Blvd., with access to a substantial daily traffic count of 54,425 vehicles. Situated near popular shopping centers like Wekiva Riverwalk, Colonial Shoppers, and Piedmont Plaza, the property enjoys close proximity to various amenities. Moreover, it is surrounded by well-known national tenants, including Subway, Chase Bank, Chipotle,...

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Key Features

In location for years
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Income tax free state
Annual rent increases
Traded and rated company
Investment grade tenant

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Links

Regions Bank Wikipedia Regions Bank Wikipedia Apopka, Florida Zip Code 32703 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Regions Bank
Guarantor:Corp T and Rated
Company:Regions Financial Corporation
# Units:1,280
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NYSE: RF

About Tenant

Regions Financial Corporation (NYSE: RF) is a financial institution operating in the South, Midwest, and Texas. Regions provides financial solutions for a wide range of clients including retail...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,453	71,474	186,914
2023 Total Population :	13,810	71,795	185,995
2023 Employed Civilian Pop :	7,225	38,075	101,481
2023 Total Businesses :	651	2,731	6,787
2023 Average Household Income :	$ 82,606	$ 101,073	$ 95,312
2023 Total Consumer Spending :	$ 357 M	$ 2231 M	$ 5719 M
2023 Median Age :	36	40	39
2023 Total Households :	4,973	25,614	69,325
2023 Pop Age 25+: Bachelor's Degree :	1,710	12,339	32,275
2023 Average Home Value :	$ 302,892	$ 374,691	$ 385,569

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Semoran Boulevard	S Ocean Ave	2022	36,500	0.05 mi
E Semoran Blvd	Monica Rose Dr	2012	34,500	0.09 mi
E Semoran Blvd	Lakeview Dr	2010	51,500	0.35 mi
Piedmont Wekiwa Road	Greenacre Rd	2022	25,500	0.40 mi
Piedmont Wekiwa Road	E Semoran Blvd	2021	26,500	0.40 mi
Piedmont Wekiwa Road	E Semoran Blvd	2020	27,500	0.40 mi
Piedmont Wekiwa Rd	Wekiva Village Ln	2019	28,500	0.47 mi
Semoran Boulevard	E Semoran Blvd	2022	55,500	0.49 mi
N Wekiwa Springs Rd	Heatheroak Dr	2012	22,466	0.51 mi
E Semoran Blvd	Otter Ln	2012	36,292	0.55 mi

Listing Broker

Adam Scherr

Sands Investment Group

Contact

27 Listings
1999 Views
2 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8329 Views
28 Sold

Adam Scherr

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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