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3980 US Highway 98 N
Lakeland, FL 33809 City of Lakeland

$6,118,797 USD

Restaurant For Sale  •  6,096 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 6,096 SF
  • Lot Size 1.37 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 5.80 %
  • Tenancy Single
  • Zoning C5
30 Transit Score
50 Walk Score

Highlights

Property is located along US Highway 98 N, the most dynamic retail corridor in the Lakeland MSA, and is positioned immediately North of Interstate 4
Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
Absolute NNN lease with no landlord obligations and 1.5% annual rent increases during the base term
30+ years of operational history at this location
Lakeland is strategically positioned between Tampa and Orlando, making it a prime location for businesses looking to tap into both metro markets
Store sales at this location exceed the average Chili's store

Property Flyers

Cap Rate: 5.80 %

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Tampa International 52 min - 40.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Carter Collison 407-234-4111 Collison Capital
Carter Collison 407-234-4111 Collison Capital