Cap Rate
7.5%
Year Built
1965/1986R
Leasable Area
50,466 SF
Term Remaining
±8.25 Yrs
NOI
$329,919
Property Type
Retail
LEAD LISTING AGENT
Samuel Griffeth
Associate
Email
[email protected]
License No.
SA704287000 (AZ)
Direct
+1 (602) 807-6971
Mobile
+1 (574) 270-0361
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Prime Location: Situated along US-92, a major thoroughfare with high visibility and significant daily traffic, ensuring excellent exposure for tenants and customers.
Strong Market Fundamentals: Lakeland is a growing market strategically positioned between Tampa and Orlando, benefiting from robust economic activity, population growth, and an expanding commercial base. - Corporate Tenant with a National Reach: Classic Collision occupies nearly 67% of the property and is backed by TPG, the fourth-largest global alternative asset management firm, ensuring financial stability and a secure investment.
- Value Add Opportunity: There are three tenants on short term leases paying below market rents, offering an investor multiple avenues to add value.
- Limited Competition in a High-Demand Corridor: Minimal presence of national brand collision shops along US-92 and around Lakeland, creating a competitive advantage for Classic Collision.
- Exceptional Demographics: ±351,480 population within a 10 mile radius.
Broker of Record
- Kyle Matthews
- License No. CQ1052263 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services
- 1600 West End Ave.,
Suite 1500 Nashville, TN 37203