4950 Dave Robbins Way Lakeland, FL 33812

This exceptional investment opportunity presents a 7,627 square foot O'Reilly Auto Parts store in Lakeland, Florida. The property, built in 2021, sits on a 0.95-acre corner lot at a lighted intersection on Dave Robbins Wy, boasting high visibility and traffic counts of 56,500 vehicles per day – a 40% increase since 2020. The property is strategically located as an outparcel to a Publix-anchored shopping center, benefiting from the high traffic and customer base of this dominant grocery chain. The lease, a Net Lease (NN) with a corporate guarantee from a credit-rated tenant, has 11.5 years remaining (original term 15 years, commencing June 1, 2021, and expiring May 31, 2036) with four 5-year renewal options. The current rent is significantly below market rate, reflecting a 22.6% increase since the lease's inception in Q1 2020. The property's strong location is further enhanced by its proximity (10 miles) to O'Reilly Auto Parts' Florida distribution center, serving a vast population of over 10 million people within a 100-mile radius. The surrounding area demonstrates robust demographics, with 80,794 residents within a 5-mile radius and an average household income of $112,799. Furthermore, over 5,100 new residential units are under construction, adding to the already substantial customer base. The asking price is $2,221,000, representing a cap rate of 5.85% and a NOI of $129,927. This presents a compelling investment opportunity with a strong tenant, long lease term, and significant growth potential.