Contacts
eXp Commercial
Property Details
- Property Type Retail
- Property Size 3,337 SF
- Units 1
- Lot Size 1.2 Acre
- Property Tenancy Single Tenant
- Year Built 1979
- Year Renovated 2016
- Date Updated Aug 24, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- $152,454 Total Revenue: $100,000 Base Rent + $52,454 Trailing Three Year Average Override
- $3,200,000 Offering Price 4.76% Cap Rate on Total Revenue (Base + Percentage Rent)
- 1.20 Acres, Fee Simple Hard Corner on US Highway 98 with Immediate I-4 Access
- Automatic 10 Year Renewal to April 2039 Unless Tenant Opts Out in Writing Before September 21, 2028
- Burger King Ground Lease NNN with 8.5% Percentage Rent Participation
- Contractual Base Rent Steps to $125,000 (2029) and $150,000 (2034), Independent of Sales
- Demonstrated Redevelopment Interest: Prior Proposal Above Asking Price (Per Ownership; Buyer to Verify)
- Directly Across from the New CarMax Development
- Located Within the Lakeland Midtown CRA District
- Operating Continuously at This Location Since 1979 - 47+ Years of Tenancy
- Percentage Rent Collected Every Year Shown; Sales Exceed the Breakpoint by $625,000+
- Rare Combination of Current Income, Sales Linked Upside and Long Term Land Value
- Tenant Declined Cash for Keys Proposal Without Counteroffer, Confirming Commitment to the Site
Getting around
-
54/100
Walk Score ®
-
63/100
Bike Score ®
Location
- City Lakeland, FL
- Neighborhood Webster Park North
- Zip Code 33805
- Market Tampa St Petersburg Clearwater
Points of Interest
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Lakeland
2.74 miles
-
7-Eleven
0.30 miles
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Lakeland Supercharger
1.12 miles
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BP
1.42 miles
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Exxon
1.80 miles
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Murphy USA
2.46 miles
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Citgo
2.64 miles
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Hess
3.27 miles
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Sunoco
3.42 miles
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Mobil
5.00 miles
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Gow B. Fields Park & Ride
0.07 miles
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Parking Lot R
3.63 miles
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Parking Lot BB
3.63 miles
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Parking Lot B
3.67 miles
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Parking Lot C
3.72 miles
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Parking Lot J
3.87 miles
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Economy Parking
8.52 miles
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Visitor Parking
8.55 miles
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Adopotion Center Parking
8.60 miles
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Burger King
0.00 miles
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Denny's
0.04 miles
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Waffle House
0.08 miles
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Bob Evans
0.08 miles
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Long John Silver's
0.16 miles
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Hooters
0.32 miles
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McDonald's
0.35 miles
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Ford's Garage
0.44 miles
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Steak 'n Shake
0.45 miles
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Sonny's BBQ
0.53 miles
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Ross
0.53 miles
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Target
0.68 miles
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Bulk Nation
0.76 miles
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TJ Maxx
0.78 miles
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Shoppes of Lakeland
0.78 miles
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Lakeland Square Mall
0.84 miles
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JCPenney
0.85 miles
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Bealls
0.94 miles
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Sears
0.97 miles
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ALDI
1.46 miles
eXp Commercial