Listed by Matthews
$5,510,000
Classic Collision Anchored Industrial Center
Details
Property Type Retail, Industrial
Sub Type Auto Shop, Flex
Square Footage 50,467
Net Rentable (SqFt) 50,467
Cap Rate 6.70%
NOI $369,180
Occupancy 100%
Tenancy Multi
Brand/Tenant Caliber Collision
Lease Type NNN
Rent Bumps Yes
Price per SqFt $109
Year Built 1962
Buildings 1
Acreage 4.470
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.70% CAP | 50,467 SqFt
Investment highlights
- 100% Occupied Multi-Tenant Industrial Asset with NNN leases - The property is fully leased to four complementary automotive and industrial tenants, providing diversified income streams and operational synergy.
- Strong In-Place Cash Flow with 6.75-Year WALT - The asset features a weighted average lease term of approximately 6.75 years, providing durable long-term income stability and reduced rollover risk.
- Below-Market In-Place Rents Create Significant Upside - Average rents of just $7.32/SF are well below replacement cost and current market industrial rates in the Lakeland market, providing investors with substantial mark-to-market potential over time.
- NNN Lease Structure - Tenants reimburse operating expenses, helping provide stable and predictable cash flow for ownership.
- Attractive Basis at Approximately $109/SF - The offering presents an opportunity to acquire a functional 50,467 SF industrial asset at a basis significantly below replacement cost in one of Florida's fastest-growing industrial corridors.
- Growing Tenant - Classic Collision (67.27% of GLA) - The property is anchored by Classic Collision, one of the nation's fastest-growing collision repair operators, with continued nationwide expansion supported by institutional capital and industry consolidation trends.
- Annual Rental Increases Provide Organic NOI Growth - Leases include annual and periodic rental escalations, helping drive long-term income growth and hedge against inflation.
- Strategically Located Between Tampa & Orlando - Lakeland's central Florida location along the I-4 corridor continues to attract industrial users, logistics operators, and manufacturing businesses seeking access to both major MSAs.
- Beneficiary of Explosive Polk County Growth - Polk County remains one of the fastest-growing counties in Florida and the nation, fueled by population migration, employment growth, and continued industrial development throughout Central Florida.
- Dense and Growing Demographics - The property serves a population of approximately 394,600 residents within a 10-mile radius, supporting long-term demand for automotive repair and industrial services.
- Auto-Service Oriented Asset in Supply-Constrained Segment - Collision repair and automotive service facilities remain highly desirable due to increasing vehicle complexity, growing repair demand, and limited available inventory.
- ±50,467 SF Industrial Facility Situated on ±4.47 Acres - Large-scale site provides ample parking, outdoor storage, circulation, and operational flexibility for industrial and automotive users.
- Functional Multi-Tenant Configuration - The property is designed to accommodate multiple users with separate suites, supporting diversified tenancy while maintaining operational efficiency.
- High Barrier-to-Entry Industrial Product Type - Functional automotive and light industrial facilities with excess land, yard area, and specialized build-outs remain difficult and costly to replicate in today's construction environment.
- Excellent Accessibility & Visibility Along US-92 - Positioned on a major commercial corridor with strong connectivity to Lakeland, Interstate 4, and the broader Central Florida region.
- Proximity to Major Transportation Infrastructure - Convenient access to Interstate 4 allows efficient connectivity to Tampa, Orlando, Port Tampa Bay, and Central Florida logistics networks.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,180.00
$30,765.00/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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