Storefront Property with Corporate
For Sale
Contact for pricing
5523 US Hwy 98 N, Lakeland, FL 33809
Lakeland storefront asset secured by a 10-year corporate lease with scheduled escalation terms.
Property SizeContact for details
Days on Market143
Property Features for 5523 US Hwy 98 N
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
ELKPENN
(407) 733-6672
Listed By:
Zach High · License #BK3361651
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 9:20AM
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 ELKPENN
Investment Insights
Based on property information with market context.
This Lakeland storefront property is supported by a 10-year corporate lease with a corporate guarantee and scheduled rent escalations. The lease structure provides defined occupancy and contractual increases over its term. A 6% cap rate is also reported for the property.
The asset is located in Lakeland, Florida, with access to the I-4 corridor and regional distribution routes connecting the Tampa and Orlando markets. Its position within the broader Lakeland commercial market places it near two major metropolitan areas and established transportation networks.
The asset is located in Lakeland, Florida, with access to the I-4 corridor and regional distribution routes connecting the Tampa and Orlando markets. Its position within the broader Lakeland commercial market places it near two major metropolitan areas and established transportation networks.
Key Highlights
- 10‑year corporate lease with a corporate guarantee
- Scheduled rent escalation terms included in the lease
- 6% capitalization rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
285k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Shops & Services 21%
Dining 18%
Groceries 7%
Walmart
Superstores
134,174 visits/mo
0.5 miles
Fancy Fruit & Produce
Groceries
18,968 visits/mo
0.5 miles
Culver's
Dining
18,627 visits/mo
0.4 miles
Wendy's
Dining
17,116 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,673 visits/mo
0.5 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
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Similar Off Market Nearby
- Mildred's Florist — 5504 US Hwy 98 N, Lakeland, FL 33809
Frequently Asked Questions
What type of property is this?
Storefront property - Lakeland storefront asset secured by a 10-year corporate lease with scheduled escalation terms.
Where is this storefront property located?
The property is located at 5523 US Hwy 98 N Lakeland, FL.
What are key features of this property?
This property features: 10‑year corporate lease with a corporate guarantee; Scheduled rent escalation terms included in the lease; 6% capitalization rate
