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3212 US Highway 98 N
Lakeland, FL 33805

$2,929,000 USD

Fast Food For Sale  •  3,337 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,337 SF
  • Lot Size 1.19 AC
  • Building Class B
  • Year Built 1979
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning C-2
0 Transit Score
53 Walk Score

Highlights

Long-Term Absolute (NNN) Opportunity - Single Tenant
Lease Commencement: 4/1979 - Lease Expiration: 9/2029
Lease Term Remaining: 6+ years
Renewal Options: Two, 5 year renewal options with 2.5% annual increases
NOI: $146,478
Rent Increases: 8.5% of gross sales
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King 9/30/2029

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Lakeland (Silver Star - Amtrak) 6 min - 3.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Mercedes Martin 973-382-4433 NRJ VENTURES LTD
Mercedes Martin 973-382-4433 NRJ VENTURES LTD