For Sale
$4,737,000

3814 County Line Rd Lakeland, FL 33811

High-yield Circle K investment. Strong location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 5,200 square foot Circle K convenience store situated on a 4.314-acre lot at the signalized, hard corner intersection of County Line Road and Drane Field Road in Lakeland, Florida. The property boasts a 15-year absolute NNN lease commencing November 1, 2024, and expiring November 1, 2039, with 5% rent bumps every five years and seven 5-year lease options. The property features 32 parking spaces and benefits from its prime location in a dense industrial corridor, surrounded by major distribution centers including T.J. Maxx, Home Depot, and others, ensuring a consistent customer base. The property's strategic position is further enhanced by its proximity to Interstate 4 (139,000 vehicles per day), offering easy access to Tampa and Orlando. Lakeland's robust growth, with a 2.28% annual population increase and a 9.81% increase since the last census, makes this a highly attractive investment. The property's strong financials include a $4,737,000 asking price, a $225,000 NOI, and a 4.75% cap rate. The building was constructed in 2024 and is a single-tenant property with a credit-rated tenant. The ground lease is in place. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a rapidly growing market.

Highlights

  • High-visibility corner lot at signalized intersection of County Line Road and Drane Field Road.
  • Prime location within a dense industrial corridor, near major distribution centers including T.J. Maxx, Home Depot, and others.
  • Convenient access to I-4 (139,000 VPD) via easy on/off ramps.
  • Situated in rapidly growing Polk County, Florida, benefiting from population influx and proximity to Tampa and Orlando.

Property Details for 3814 County Line Rd

Property type
Retail properties, Grocery and convenience stores
Year Built
2024
Buildings
1
Lot Size (sq. ft)
187,918 SF

Location Insight

City
Lakeland
County
Polk
State
Florida
Latitude
27.9958462
Longitude
-82.0554745

FAQs

What type of property is this?
Retail property - High-yield Circle K investment. Strong location.
Where is the retail property located?
The property is located at 3814 County Line Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $4,737,000.
What are key features of this property?
This property features: High-visibility corner lot at signalized intersection of County Line Road and Drane Field Road.; Prime location within a dense industrial corridor, near major distribution centers including T.J. Maxx, Home Depot, and others.; Convenient access to I-4 (139,000 VPD) via easy on/off ramps.
How can I contact the broker?
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3814 County Line Rd
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