$3,200,000
Burger King Lakeland
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,337
Units 1
Cap Rate 4.95%
Tenancy Single
Lease Type NNN
Year Built 1979
Lot Size (SqFt) 51,971
Investment Type Core+
Retail | 4.95% CAP | 3,337 SqFt
Marketing description
Rare opportunity to acquire a high performing quick service restaurant property strategically positioned within one of Central Florida's most active long term growth corridors. Unlike traditional single tenant net lease fast food investments that primarily offer fixed rental income, this property combines stable in place cash flow with significant future redevelopment and land appreciation potential.
The property is currently occupied by Burger King under a long term lease structure with recurring percentage rent override payments, demonstrating strong operational performance, established consumer demand, and proven traffic patterns. Sophisticated redevelopment interest has already been demonstrated through prior acquisition attempts involving substantial purchase pricing and proposed tenant lease buyout negotiations for future redevelopment into a modern quick service restaurant concept. This validates the long term strategic value of the site beyond its current operation.
The property's long term strategic value is further reinforced by significant institutional investment throughout the immediate trade area, including the recently developed CarMax directly across the street. National retailers and developers continue targeting this corridor due to its exceptional visibility, direct access to Interstate 4, expanding population base, increasing traffic counts, and sustained retail demand. As development continues throughout the Tampa Orlando corridor, highly visible interstate retail locations with established traffic flow and national retail presence become increasingly scarce and difficult to replicate.
The combination of current cash flow, proven operational performance, institutional investment in the surrounding trade area and future redevelopment potential creates a unique opportunity rarely found in traditional single tenant net lease investments.
This is more than a passive NNN investment. It is a strategic long term real estate position within one of Florida's most dynamic growth corridors, offering investors both immediate income and the potential for substantial long term value creation.
Positioned along the highly trafficked US Highway 98 corridor near Interstate 4, this property benefits from exceptional visibility, accessibility and long term growth dynamics within one of Central Florida's most active retail and commercial markets.
Located between Tampa and Orlando, Lakeland continues to experience significant population, residential, logistics and retail growth driven by its strategic position along the Interstate 4 corridor. The property sits directly across from the recently developed CarMax and is surrounded by major national retailers including Target, Lowe's, Home Depot, Starbucks, McDonald's, Dunkin', Krispy Kreme and numerous additional national brands, reinforcing the area's strong consumer demand and institutional appeal.
The corridor serves as a major commuter and commercial artery with strong daily traffic counts, expanding residential density and continued investment from national retailers, developers and corporate users. Interstate adjacent retail corners with established traffic patterns, signalized access and national retail presence are becoming increasingly difficult to replicate throughout Central Florida.
As the Tampa Orlando growth corridor continues to expand, this location offers investors exposure to a dynamic market characterized by increasing land values, strong retail fundamentals, and long term redevelopment potential.
Investment highlights
- Existing income during the hold period
- Recurring percentage rent participation above base rent
- Long-term land appreciation potential
- Strategic Interstate 4 corridor positioning
- Proven high-volume QSR location
- Strong surrounding national retail synergy
- Future redevelopment optionality
- Institutional quality retail corridor exposure
- Significant barriers to entry for competing sites
- Exposure to one of Florida's strongest population and commercial growth markets
- Strategic Interstate 4 Corridor Land Investment
- High Performing Burger King with Percentage Rent Participation
- Demonstrated Redevelopment Interest from Sophisticated Investors
- Rare Combination of Current Cash Flow & Future Upside
- Prime Retail Corner with Exceptional Visibility & Access
- Directly Across from New CarMax Development
- Long Term Growth Corridor Between Tampa & Orlando
- Institutional Quality Retail Trade Area
- Strong National Retail Synergy & Consumer Demand
- Future Redevelopment Optionality in Supply Constrained Market
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