Regions Bank - Orlando, FL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a freestanding single-tenant Regions Bank regional bank branch located at 7350 Lake Underhill Road, Orlando, FL (“Property” or “Asset”). Initially constructed as a build-to-suit for the Tenant in 2004, the Asset features an investment grade corporate guaranty from Regions Bank (S&P: BBB+’), 5.1 years of lease term remaining, highly replicable contract rent and no landlord responsibilities.

Located 5 miles east of Downtown Orlando, the Property is situated off the Spessard L Holland Expressway along South Goldenrod Road and Lake Underhill Road with exposure to over 164,500 vehicles per day. The Property is positioned on a hard corner in an affluent and dense commercial corridor, which is home to restaurants, hotels, and national retailers including 7-Eleven, AT&, McDonald’s, Dunkin Donuts, Goodyear, and Extended Stay American Select Suites. The Asset is also proximate to the AdventHealth East Orlando hospital system, which is less than a mile from The Property, serves 180,000 patients annually, and has 295 beds. The surrounding community has grown 13.2% over the past decade to 314,000 residents that earn over $91,000 in average household income (five-mile radius). The combination of population growth and affluence in the area has benefitted the Property, which has seen over 91% deposit growth since 2018, per the Federal Department of Insurance Corporation.

This unique and rare opportunity allows investors the ability to acquire an infill regional bank branch with high value intrinsic real estate situated the dense, affluent Orlando submarket. The asset offers secure, long-term cash flow backed by an investment grade financial services firm that contains over $153.6 billion in total assets.