2450 W Memorial Blvd
Lakeland, FL
Price:
$8,180,000
Cap Rate:
4.75%
NOI:
$388,543
Building Size:
Approx. 4,992 Sq. Ft.
Lot Size:
Approx. 2.81 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 4,992+/- SF Building on 2.81+/- Acre Site
- 15-Year Abs. NNN Lease w/ ~12 Years Remaining & 10% Rent Increases Every 5 Years in both Primary Term & (4) 5-Year Option Periods
- Hard Corner Location 1 Mi. East of I-4 (115k+ VPD | 15,376 Truck Traffic/Day) at Intersection of W Memorial Blvd (26,976 VPD) & Chestnut Rd
- Anchored by Brand New $23M Industrial Development – Two Industrial Warehouses with a Gross Leasable Space of 299,241 SF
- Directly Across from Kathleen High School (1,950+ Students) and 2 Big Box Warehouses
- Lakeland-Winter Haven Metro is the 4th Fastest Growing MSA in the Nation, Posting a 3.8% Annual Growth Rate from 2019 – 2024
- Lakeland, FL | Central Location between Tampa and Orlando | Population: 124,990+