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3004 N US Highway 98
Lakeland, FL 33805 City of Lakeland

$1,009,790 USD

Freestanding For Sale  •  3,610 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 3,610 SF
  • Lot Size 0.46 AC
  • Building Class C
  • Year Built 1976
  • Tenancy Multiple
  • Zoning C2
30 Transit Score
40 Walk Score

Highlights

Absolute NNN lease structure providing a hands-off investment to a buyer.
Corporate guarantee backed by iAnthus Capital Holdings, Inc., a publicly traded cannabis company.
Tenant recently exercised its first 5-year option, demonstrating commitment to this location.
Below-market rent at $20/SF, providing rent security and upside in any re-lease scenario.
Offered at approximately $280/SF, below-replacement-cost basis on 0.46 acres.
E-commerce resistant tenant offering portfolio diversification benefits for net-lease investors.

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.9 mi
AirportDriveWalkDistance
Tampa International 52 min - 40.5 mi
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services