Single-Tenant NNN
For Sale
Contact for pricing
Pending
230 Arteva Dr, Lakeland, FL 33809
Absolute NNN lease with 7+ years remaining and 10% rental increases every 5 years.
Property Size5,050 SF
Lot Size1.59 Acres
Days on Market139
Property Features for 230 Arteva Dr
General Information
Standard status
Pending
Size
5,050 SF
Lot size
1.59 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$338,341
Additional Details
Cap Rate
7%
Building Details
Year Built
2000
Year Renovated
2009
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
(813) 683-5115
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 4:09PM
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 Tampa
Investment Insights
Based on property information with market context.
Located at 230 Arteva Drive in Lakeland, Florida, this single-tenant property is occupied by Applebee’s under an absolute NNN lease. The building contains 5,050 SF on a 1.59 AC parcel, was constructed in 2000, and underwent remodeling in 2009.
The lease has more than 7 years remaining and provides 10% rental increases every 5 years. Lease obligations are guaranteed by Neighborhood Restaurant Partners, an operator with over 100 units. The offering reflects a 7.00% cap rate and combines an established restaurant tenancy with a defined lease structure.
The lease has more than 7 years remaining and provides 10% rental increases every 5 years. Lease obligations are guaranteed by Neighborhood Restaurant Partners, an operator with over 100 units. The offering reflects a 7.00% cap rate and combines an established restaurant tenancy with a defined lease structure.
Key Highlights
- Applebee’s single‑tenant occupancy under an absolute NNN lease
- 5,050 SF building on a 1.59 AC land parcel
- More than 7 years remaining on the lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 19%
Hotels & Casinos 6%
Cracker Barrel Old Country Store
Dining
32,413 visits/mo
0.1 miles
7-Eleven
Shops & Services
24,514 visits/mo
0.2 miles
Wendy's
Dining
23,556 visits/mo
0.3 miles
Starbucks
Dining
22,160 visits/mo
0.4 miles
Applebee's
Dining
13,866 visits/mo
0.1 miles
Demographics for 33809, FL
30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with 7+ years remaining and 10% rental increases every 5 years.
Where is this nnn property located?
The property is located at 230 Arteva Dr Lakeland, FL.
What are key features of this property?
This property features: Applebee’s single‑tenant occupancy under an absolute NNN lease; 5,050 SF building on a 1.59 AC land parcel; More than 7 years remaining on the lease
