2450 W Memorial Blvd - Convenience Store FOR SALE


Lakeland, FL 33815- City of Lakeland
$8,180,000 USD
214-915-8890
2450 W Memorial Blvd, Lakeland, FL for Sale
$8,180,000 USD
Convenience Store - FOR SALE
1/4
null | 4.75% Cap Rate

2450 W Memorial Blvd
Lakeland, FL 33815
City of Lakeland


HIGHLIGHTS

  • 2023 Construction. 4,992+/- SF Building on 2.81+/- Acre Site
  • Hard Corner Location 1 Mi. East of I-4 (115k+ VPD | 15,376 Truck Traffic/Day) at Intersection of W Memorial Blvd (26,976 VPD) & Chestnut Rd
  • Anchored by Brand New $23M Industrial Development – Two Industrial Warehouses with a Gross Leasable Space of 299,241 SF
  • Directly Across from Kathleen High School (1,950+ Students) and 2 Big Box Warehouses
  • Lakeland-Winter Haven Metro is the 4th Fastest Growing MSA in the Nation, Posting a 3.8% Annual Growth Rate from 2019 – 2024
  • Lakeland, FL | Central Location between Tampa and Orlando | Population: 124,990+

OVERVIEW

15-Year Abs. NNN Lease w/ ~12 Years Remaining & 10% Rent Increases Every 5 Years in both Primary Term & (4) 5-Year Option Periods

FOR SALE DETAILS

PRICE

$8,180,000 USD

PRICE/SF

$1,639 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.81 AC

LAND SF

122,404 SF

ZONING

-

APN/PARCEL ID

23-28-15-000000-013300

ASK ABOUT THIS PROPERTY

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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