5523 US Highway 98 N - Freestanding FOR SALE


Lakeland, FL 33809- City of Lakeland
$860,000 USD
321-866-8121
5523 US Highway 98 N, Lakeland, FL for Sale
$860,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

5523 US Highway 98 N
Lakeland, FL 33809
City of Lakeland


HIGHLIGHTS

  • -Hard Corner
  • -Heavy Traffic
  • -Excellent Access
  • -Great Monumental Signage
  • -Good Parking

OVERVIEW

Seize this exceptional opportunity to acquire a high-quality commercial property in the thriving Lakeland, Florida market. Priced at $860,000 with a 6% CAP rate, this property offers a stable, long-term investment backed by a 10-year corporately guaranteed lease with favorable escalation terms, ensuring consistent income growth and minimal risk. Property Highlights: Location: Strategically situated in Lakeland, FL, a rapidly growing hub centrally located between Tampa and Orlando, offering excellent access to major highways (I-4), distribution networks, and a robust local economy. Lease Details: Secured by a 10-year corporate lease with a creditworthy tenant, providing investors with predictable cash flow and reduced vacancy risk. The lease includes favorable escalation clauses, enhancing returns over time through scheduled rent increases. Investment Appeal: With a 6% capitalization rate, this property delivers strong, steady returns, making it an attractive addition to any investment portfolio. The corporate guarantee minimizes risk, offering peace of mind for investors seeking stability. Market Strength: Lakeland’s booming commercial landscape, driven by its proximity to major metropolitan areas and a growing population, positions this property for long-term appreciation and demand.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$330 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

1967

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C-3

APN/PARCEL ID

23-27-24-008900-001011

ASK ABOUT THIS PROPERTY

Zach HighElkpenn IncMore Info
321-866-8121

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Zach HighElkpenn IncMore Info
321-866-8121

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