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32884994

Florida Avenue South, Lakeland, FL 33803

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$2,999,999
14 days on market
Updated 14 days ago

Absolute NNN Beef A Roo | TAMPA MSA | 20 Year ABS

Details
Property Type Retail, Office
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,500
Cap Rate 7.67%
NOI $230,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4-5
Year Built 2006
Year Renovated 2026
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Absolute NNN Beef A Roo | Tampa Florida | 20 Year ABS | Traffic Counts Exceed 40,000 VPD

Investment highlights

Positioned Along one of Lakeland’s Primary Commercial Corridors With High Daily Traffic Counts, Excellent Visibility, and Direct Connectivity Across the City

• Located Less Than 2 Miles From Downtown Lakeland, the Property Benefits From Proximity to Government Offices, Major Employers, and a Growing Mix of Retail, Dining, and Residential Development

• Centrally Situated Between Tampa and Orlando Along the I-4 Corridor, Providing Access to One of Florida’s Most Active Distribution and Population Growth Regions

• Surrounded by National and Regional Retailers, Including Walmart, Publix, and CVS Health, Driving Consistent Consumer Traffic to the Immediate Area

• Proximity to Major Healthcare Providers Such as Lakeland Regional Health Medical Center Supports Strong Daytime Population and Demand for Service Oriented Uses

• Lakeland is a Key Logistics and Distribution Hub, Home to Major Operations for Amazon and Publix, Providing a Stable Employment Base and Long-Term Economic Growth

• The Surrounding Area Features Dense Residential Neighborhoods and Continued Population Growth, Supporting Sustained Demand for Retail and Service Based Tenants

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$230,000.00
$19,166.67/mo

Valuation Metrics

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DSCR
7.67%
Cap Rate
7.67%
ROI

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