For Sale $6,625,000
City Lakeland
Neighborhood Fountain Heights
Zip Code 33813
Market Tampa St Petersburg Clearwater
Property Type Retail - Street Retail
Property Size 40,980 Sqft
Lot Size 4.15 Acre
Property Tenancy Multi-Tenant
Year Built 1985
Year Renovated 2017
Date Updated 06 May, 2021

Alamo Plaza is a 40,980 square foot multi-tenant shopping center located at 4525 S Florida Avenue in Lakeland, Florida. Alamo Plaza has frontage on S Florida Avenue a major thoroughfare in Lakeland Florida with traffic counts of over 40,000 vehicles daily and across the street from one of the highest grossing Chic Fil A stores in the state of Florida.

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Contacts

Joshua Lass-Sughrue

NAI Partners

(713) 275-9628

Highlights

Below Market Rents
?8.04% CAP on Current Income $532,852 NOI | Pro Forma NOI $650,000 to $750,000 | Pro Forma CAP 10% to 11%
?Excellent Demographics
?Recent Roof Replacements
?Recent Lease Extensions from Major Tenants
?Long Term Tenants | Pandemic Proof