Crunch Fitness 5218 S Florida Ave S 18,000 SF Retail Building Lakeland, FL 33813 $9,754,689 CAD ($541.93 CAD/SF) 6.35% Cap Rate

Lee & Associates, in conjunction with Bang Realty–Naples, Inc. (FL Broker’s License: BK3327646), is pleased to offer the fee simple interest in a build-to-suit Crunch Fitness property located at 5218 S Florida Ave in Lakeland, FL 33813. Constructed in 2020, the single-tenant retail building comprises 18,000 square feet on a 3.17-acre site.
The property is leased to Crunch Fitness, operated and guaranteed by CR Fitness Holdings, LLC—the largest Crunch franchisee with over 70 locations across five states. Crunch Fitness boasts more than 500 locations worldwide and a membership base exceeding 3 million. The lease commenced on July 18, 2020, and provides 15 years of initial term with over 10 years remaining, 10% rent increases every five years, and three additional five-year renewal options.
Strategically positioned along the Florida Avenue South retail corridor, the property benefits from daily traffic counts of over 43,000 vehicles and direct access to the Interstate 4 corridor, connecting Lakeland to Tampa (38 miles) and Orlando (62 miles). Within a three-mile radius there are nearly 59,000 residents and an average household income of $129,547. Lakeland—home to Publix Super Markets’ corporate headquarters and part of one of Florida’s fastest-growing MSAs—continues to experience robust population and economic growth, underscoring the strength and stability of this investment.