$1,009,790 USD
305-905-3215
3004 N US Highway 98
Lakeland, FL 33805
City of Lakeland
HIGHLIGHTS
- Absolute NNN lease structure providing a hands-off investment to a buyer.
- Corporate guarantee backed by iAnthus Capital Holdings, Inc., a publicly traded cannabis company.
- Tenant recently exercised its first 5-year option, demonstrating commitment to this location.
- Below-market rent at $20/SF, providing rent security and upside in any re-lease scenario.
- Offered at approximately $280/SF, below-replacement-cost basis on 0.46 acres.
- E-commerce resistant tenant offering portfolio diversification benefits for net-lease investors.
FOR SALE DETAILS
PRICE
$1,009,790 USD
PRICE/SF
$280 USD /SF
CAP RATE
7.15%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
C2
APN/PARCEL ID
23-28-01-016500-000315
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305-905-3215
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305-905-3215
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