3814 County Line RdLakeland, FL 33811

Property Details for 3814 County Line Rd

Year built

2024

Lot size

4.31 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

27.9958

Longitude

-82.0555

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