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2450 W Memorial Blvd 4,992 SF Retail Building Lakeland, FL 33815 $11,321,120 CAD ($2,267.85 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 2023 Construction. 4,992+/- SF Building on 2.81+/- Acre Site
- Anchored by Brand New $23M Industrial Development – Two Industrial Warehouses with a Gross Leasable Space of 299,241 SF
- Lakeland-Winter Haven Metro is the 4th Fastest Growing MSA in the Nation, Posting a 3.8% Annual Growth Rate from 2019 – 2024
- Hard Corner Location 1 Mi. East of I-4 (115k+ VPD | 15,376 Truck Traffic/Day) at Intersection of W Memorial Blvd (26,976 VPD) & Chestnut Rd
- Directly Across from Kathleen High School (1,950+ Students) and 2 Big Box Warehouses
- Lakeland, FL | Central Location between Tampa and Orlando | Population: 124,990+
Executive Summary
15-Year Abs. NNN Lease w/ ~12 Years Remaining & 10% Rent Increases Every 5 Years in both Primary Term & (4) 5-Year Option Periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,992 SF
Building Class
C
Year Built
2023
Price
$11,321,120 CAD
Price Per SF
$2,267.85 CAD
Cap Rate
4.75%
NOI
$537,743 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.81 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 23-28-15-000000-013300 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $200,726 CAD |
Property Taxes
Parcel Number
23-28-15-000000-013300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$200,726 CAD
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2450 W Memorial Blvd
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