649 Wabash Ave Lakeland, FL 33815-1192

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General storefront in Lakeland, Florida. The 9,014 square foot building, constructed in 2004, sits on a 1.16-acre lot and boasts a 6.75% cap rate with a strong NOI of $86,602. The property enjoys a prime location on N Wabash Avenue (US Route 92), a major commercial corridor with high traffic counts (over 16,200 vehicles daily). The current lease, with Dollar General (investment-grade credit), expires July 30, 2029, offering 4.7 years remaining and two 5-year renewal options with attractive 7.5% rent increases. The lease is a double-net (NN) structure, minimizing landlord responsibilities (landlord responsible for roof and structure only). The property benefits from a strong demographic profile, with over 63,200 people within a 3-mile radius and an average household income exceeding $76,612. Nearby amenities include Publix Supermarkets corporate headquarters, Interstate 4, and Lakeland Regional Health Medical Center. This is a compelling investment opportunity due to the strong tenant, favorable lease terms, and excellent location within a thriving retail market. The property's strategic location, coupled with the tenant's financial strength and long-term commitment, makes this a low-risk, high-reward investment.