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31152569
31152568

6820 Florida Ave S, Lakeland, FL 33813

CS
CA 01993313
Stream Capital Partners
JK
NY 10401317069, FL SL3595928
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
Listed by Stream Capital Partners
$4,894,117
271 days on market
Updated 34 days ago

Chick-Fil-A

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 5,335
Cap Rate 4.25%
NOI $208,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Expiration 10/31/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 8, 5 Year Options
Year Built 2025
Acreage 2.180
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

New Construction Chick-fil-A - 15 Year Ground Lease | Lakeland, FL

Marketing description

  • New Construction Chick-fil-A: Brand new 15-year ground lease with Chick-fil-A on over 2 acres offering 10% rental increases every 5 years.

  • Top Performing Brand: Chick-fil-A remains the #1 fast-food chicken brand in the U.S., with over $20 billion in 2023 sales, reflecting a 14.7% year-over-year increase and continued nationwide momentum.

Investment highlights

  • Prime Location in High-Growth Market: Located on Florida Avenue South, one of Lakeland’s primary retail corridors, surrounded by strong national tenants including Publix, Walmart, Aldi, 7-Eleven, Starbucks, Home Depot, and Walgreens—all driving consistent foot traffic.

  • Strong Demographics & Demand Drivers: More than 140,000 residents within 5 miles, with average household incomes in excess of $100K in 3 miles. Lakeland is a key commuter hub between Tampa and Orlando, with robust daytime traffic from both residential and business populations.

  • Superior Visibility & Accessibility: Excellent frontage on Florida Avenue South, a high-traffic thoroughfare with 55,000+ vehicles per day at the intersection, offering exceptional visibility and direct access.

Listing Contacts

CS
CA 01993313
Stream Capital Partners
JK
NY 10401317069, FL SL3595928
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$208,000.00
$17,333.33/mo

Valuation Metrics

0
DSCR
4.25%
Cap Rate
4.25%
ROI

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Additional Information

Name
Sasha Dominguez
License
Lic. #BK3339010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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