Lakeland, FL - Bob Evans

Description:

• The tenant has 12+ years remaining on the lease with 6 (5-year) options to extend
• The lease has 2% annual bumps throughout the initial term and at the beginning of each option, generating NOI and providing a hedge against inflation
• Bob Evans has 450+ locations across 18 states

• The asset is located at the signalized, hard corner intersection of US Hwy 98 and Griffin Road averaging a combined 76,700 VPD
• Ideally positioned off I-4 (111,500 VPD), allowing users to benefit from on/off ramp access to the site and surrounding Tampa MSA trade areas
• The asset has excellent visibility and multiple points of ingress/egress
• Just South of the Shoppes of Lakeland, a community shopping center that ranks in the top 83% (1,221 out of 7,239) of all community shopping centers nationwide according to Placer.ai
• Surrounding retailers include Target, Best Buy, T.J. Maxx, Petco, and more