3540 Harden Blvd Lakeland, FL 33803

Property Details for 3540 Harden Blvd

Year built

2018

Property size

11,805 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents two adjacent, single-story shopping centers totaling 11,805 square feet, situated on a 1.57-acre lot in Lakeland, Florida. Built in 2018 and 2020, these properties boast a strong tenant roster including Kay Jewelers, Jersey Mike's Subs, and Great Clips, among six total tenants. The centers benefit from a 100% occupancy rate under long-term, triple-net (NNN) leases, ensuring a stable and predictable income stream. The asking price is $7,479,131, representing a compelling 5.75% cap rate and a price per square foot of $633.56. Located at 3540 and 3550 Harden Boulevard, the property enjoys high visibility along a major thoroughfare with a high average annual daily traffic count (AADT) of 40,000. The strategic outparcel location adjacent to a Target and Publix anchored shopping center further enhances its desirability. The property is zoned PUD Mixed, offering potential for future expansion or redevelopment. The Net Operating Income (NOI) is $430,050. This is a rare opportunity to acquire a stabilized, high-performing retail investment in a thriving Lakeland market. The property's two buildings are situated on separate parcels with APNs 232835138191001010 and 232835138191002010. The properties are not subject to a ground lease.

Location Insight

City

Lakeland

County

Polk

State

Florida

Longitude

-81.9749

Latitude

28