Auto Repair | Lakeland, FL

2016 W Memorial Blvd Lakeland FL 33815

$590,000

Cap Rate: %
Status: Available

Property Highlight

• Long history Tenants in placed Recently signed 5 Years NNN Lease Minimum Landlord Responsibility Tenants responsible of Maintenance and Property Insurance High traffic location 25,500 AADT Surrounded by Major Retailers Property was built and operated by National Retailer in the past Investment activity has exploded in Lakeland over the past 12 months, culminating in the single largest quarterly sales volume on record in 21Q2 with over $280 million. That quarterly total exceeded all but two annual totals on record for the market and was led by a pair of Amazon deals, the $106.5 million trade of the distribution center in Dragstrip Logistics Center, and the June disposition by Prologis of the Auburndale location.

Area Overview

• Regional Map

  Property is located within less than 2 miles away from I-4 Access

  Lakeland is the largest city on Interstate 4 between Orlando and Tampa. Large industries in the Lakeland area are citrus, cattle, and phosphate mining. In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance.

  Lakeland’s largest employer is Publix Supermarkets. Publix is one of the largest regional grocery chains in the United States with over 1,000 stores across the American South. Publix employs over 6,500 people in the Lakeland area including headquarter and warehouse employees.

  Lakeland is a transportation hub. FedEx Freight and FedEx Services and the Saddle Creek Corporation employ over 600 people in the area. Other large employers in the area include Amazon, GEICO, Rooms To Go, and Lakeland Regional Health.