For sale
Conventional restaurants
FL
Lakeland
3130 N US Hwy 98

Lakeland Restaurant Property For Sale

3130 N US Hwy 98, Lakeland, FL

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For Sale

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Restaurant property with long-term lease and annual rent increases.

Type:RETAIL

Property size:

5,142 SF

Lot size:

1.09 Acres

Price / SF:

$664/SF

HighLights

Tenant has 12+ years remaining on the lease.
Lease includes 6 (5‑year) options to extend.
Lease has 2% annual rent increases.
Rent increases provide a hedge against inflation.
Rent increases generate Net Operating Income (NOI).
Bob Evans is the tenant with 450+ locations.

We can help!

Listing Contact

Andrew Fallon

For Sale

Contact for pricing

Restaurant property with long-term lease and annual rent increases.

Type:RETAIL

Property size:

5,142 SF

Lot size:

1.09 Acres

Price / SF:

$664/SF

Added:: Apr 10, 2025
Days on Market:: 431
Last Refresh:: May 20 at 8:40 pm

Property Features for 3130 N US Hwy 98

General Information

Standard status: Active
Size: 5,142 SF
Lot size: 1.09 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Andrew Fallon

Listing agent Andrew Fallon License #0225193951

Listing office SRS Real Estate Partners | McLean

Listing date Apr 10, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean

HighLights

Tenant has 12+ years remaining on the lease.
Lease includes 6 (5‑year) options to extend.
Lease has 2% annual rent increases.
Rent increases provide a hedge against inflation.
Rent increases generate Net Operating Income (NOI).
Bob Evans is the tenant with 450+ locations.

Overview

This property is a restaurant with a tenant in place who has over 12 years remaining on the lease. The lease includes six 5-year options to extend. The lease agreement features 2% annual rent increases throughout the initial term and at the beginning of each option period. The property is located in Lakeland, FL. Bob Evans operates over 450 locations across 18 states. The property contains 5,142 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Bob Evans Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Lakeland
County: Polk
State: Florida
Longitude: -81.9674
Latitude: 28.0817

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For sale
Conventional restaurants
FL
Lakeland
3130 N US Hwy 98

What type of property is this?

Conventional restaurant - Restaurant property with long-term lease and annual rent increases.

Where is this conventional restaurant located?

The property is located at 3130 N US Hwy 98 Lakeland, FL.

What is the asking price?

The asking price for this property is $3,417,000.

What are key features of this property?

This property features: Tenant has 12+ years remaining on the lease.; Lease includes 6 (5‑year) options to extend.; Lease has 2% annual rent increases.

3130 N US Hwy 98, Lakeland, FL

Restaurant property with long-term lease and annual rent increases.

Property Features for 3130 N US Hwy 98

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Retail Building with Fenced Yard

Highway Frontage Mixed-Use Property

Turnkey Restaurant and Bakery Opportunity

New Duplex in Lakeland, FL

Lakeland Industrial Flex Space Available

Lakeland Commercial Property Investment Opportunity

Lakeland Quadruplex: Income Opportunity

Industrial Facility on Commercial Corridor

Lakeland Assembly Building For Sale

Remodeled Duplex in Growing Lakeland

Zoned Office Building with Fenced Yard

Income-Producing Quadplex Near FSC

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