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