Brand New - Firestone Complete Auto Care

Highlights:

• 15 Year Abs. NNN Lease | 5% Bumps | 5 Options
• Eligible for Bonus Depreciation | $800k - $1.0 Million in Tax Savings
• Lowes Anchored | Ranks in Top 27% of Lowes Nationwide Based on Foot Traffic
• Across from Sam's Club seeing 2.2+ Million Visitors/Year, Orlando Health Watson Clinic Lakeland Highlands Hospital - 558K+ SF with 306 Private Inpatient Beds, and the New Lakeland VA Clinic - 132K SF Serving 20K Veterans/Yr
• 5 Mile Population 150,378 | Expected Growth 13.28%
• 1 Mile Average Household Income $90,095
• 5 Mile Consumer Spending $1.7 Billion!
• 52,000 ADTC on Polk Parkway Toll Road
• 28,500 ADTC on Lakeland Highlands Road

Description:

Fortis Net Lease is pleased to present this brand new 6,600 SF Firestone Complete Auto Care store located in Lakeland, Florida - part of the Tampa/St. Petersburg Market. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store is completing construction and opening at the end of October 2026!

This Firestone benefits from excellent visibility as it is located off the Polk Parkway Toll Road Exit (52,000 ADTC) on Lakeland Highlands Road (28,500 ADTC). It is anchored by Beall's and Lowes store ranking in the 27% of all Lowe's Nationwide (with 768,500+ visitors/year). Directly across the street is a Sam's Club ranking in the top 19% of all Sam's nationwide (with 2.2+ Million visitors/year), the newly opened Orlando Health Watson Clinic Lakeland Highlands Hospital (558,000+ SF building with 306 private inpatient beds), and the Lakeland VA Clinic (132,000 SF facility designed to serve 20K veterans annually - 5X the capacity of the older clinic on Pipkin Rd!). The 5 mile population from the site is 150,378. The 1 mile household income is $90,095. This is a high growth area of Florida with the 5 mile population growth rate at 13.28%. Additionally the 5 mile consumer spending is at $1.7 Billion! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.00% cap rate based on NOI of $275,633.04.

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