3814 County Line Rd Lakeland, FL 33811
- Retail properties
- 4.31 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3814 County Line Rd
- Year built
- 2024
- Lot size
- 4.31 lot acres
- 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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -82.0555
- Latitude
- 27.9958
