3970 Us Highway 98 N - Freestanding FOR SALE


Lakeland, FL 33809- City of Lakeland
$5,486,804 USD
716-867-5222
3970 Us Highway 98 N, Lakeland, FL for Sale
$5,486,804 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

3970 Us Highway 98 N
Lakeland, FL 33809
City of Lakeland


OVERVIEW

• Strong tenant mix of all national brands • Longevity at the property - Verizon and Mattress Firm are the original tenants here since 2006 • Below market rents • Located on an outparcel directly in front of the Lakeland Square Mall • Strong visibility to US Hwy. 98 N with a prominent freestanding multi-tenant pylon sign • Heavy traffic counts with 62,000 AADT on US Hwy. 98 N. • Within close proximity for Interstate 4 interchange • Positioned in the heart of the prime retail corridor in Lakeland surrounded by national tenants • Lakeland was the fastest growing metro area in the US between 2020 and 2023, with a 12.1% population growth rate • $60,947 Median HH Income within the MSA • Home to Publix Headquarters with over 8,000 employees and new $100M - 283,000 SF Amazon Air Cargo Hub with over 2,000 employees

FOR SALE DETAILS

PRICE

$5,486,804 USD

PRICE/SF

$665 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

C-5

APN/PARCEL ID

23-27-35-000000-012090

ASK ABOUT THIS PROPERTY

Robert NucherenoKatz & AssociatesMore Info
716-867-5222

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Robert NucherenoKatz & AssociatesMore Info
716-867-5222

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