130 N Lake Shore Way - Restaurant FOR SALE


Lake Alfred, FL 33850
$2,548,543 USD
561-706-9646
130 N Lake Shore Way, Lake Alfred, FL for Sale
$2,548,543 USD
Restaurant - FOR SALE
1/3
null | 5.15% Cap Rate

130 N Lake Shore Way
Lake Alfred, FL 33850


HIGHLIGHTS

  • Brand New, 23-Year, Triple Net (NNN) Lease With 10% Rent Increases Every 5 Years Throughout Base Term and Option Periods
  • Lease Commencement Upon Close of Escrow
  • New Location, Recently Built – Brand New Construction in 2024
  • Luihn VantEdge Partners, LLC is a Strong Franchisee of Yum! Brands – Owns and Operates 200+ Restaurants in 5 States
  • Part of the Lakeland Metro Area – the Tourism Industry is an Economic Pillar for the Area, With Over 6.5 Million Annual Visitors
  • Located on S. Lake Shore Way, a Primary Arterial Corridor With a Traffic Count of More Than 28,500 Vehicles Daily

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a new Taco Bell in Lake Alfred, FL and part of the Lakeland, FL Metro area. This lease offers a brand new, 23-year, triple net lease with six, five-year tenant renewal options. The lease commencement is upon the Close of Escrow with lease expiration 23 years from COE. There are 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location, recently built in 2024 and includes dual drive-thru lanes. Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates more than 200 restaurants spanning over five states with more than 4,500 employees. This property is ideally positioned at the signalized intersection of Haines Boulevard and Lake Shore Way in Lake Alfred, FL, offering excellent visibility and accessibility. South Lake Shore Way is a major arterial corridor with over 28,500 vehicles passing daily, forming part of the U.S. Routes 17/92 concurrency that connects key cities across Central Florida. The property benefits from a strong daily population with nearby schools (elementary, middle, and high school) serving more than 2,500 students, as well as Polk State College, a multi-campus institution serving over 23,000 students. Lake Alfred, FL is part of the Lakeland metro area which is one of the fastest-growing regions in Florida. The area’s economy is heavily supported by a thriving tourism industry, which attracts over 6.5 million visitors to Polk County annually and generates approximately $4.5 billion in economic activity. Just 10 miles from major family attractions like LEGOLAND Florida and Peppa Pig Theme Park, the property is also near popular destinations such as golf resorts, the Detroit Tigers’ spring training facilities, and a wide range of amateur sports events.

FOR SALE DETAILS

PRICE

$2,548,543 USD

PRICE/SF

$942 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,473 SF

ZONING

-

APN/PARCEL ID

26-27-32-509500-000013

ASK ABOUT THIS PROPERTY

Alan LipskyMarcus & MillichapMore Info
561-706-9646

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Alan LipskyMarcus & MillichapMore Info
561-706-9646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.