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

$6,357,192 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 5.50 %
  • Tenancy Single
  • Zoning C-5
0 Transit Score
66 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
Vacancy rates in the broader Lakeland/Polk County market have remained stable at sub 4%

Property Flyers

Cap Rate: 5.50 %

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