Lakeland, FL - Circle K
$4,500,000
SEC County Line Road & Drane Field Road, Lakeland, FL 33811
5
Cap Rate
225,000
NOI
Details:
Description:
• Brand new 15-year lease with 7 (5-year) options to extend and 5% rental increases every 5 years throughout the initial term and during option periods
• The lease is corporate signed by Circle K, an established c-store and gas station operator with 6,958+ stores in the United States as of June 2024
• 2024 construction that will feature high quality materials, distinct design elements, and high-level finishes
• The site is ideally located on a 4.3+ AC parcel, allowing for future development and land utilization
• Circle K is located at the signalized, hard corner intersection of County Line Road and Drane Field Road
• Ideal position in a dense industrial corridor; nearby industrial tenants include T.J. Maxx Distribution, The Home Depot Distribution, Inmar Intelligence, McCraney, Plastipak, Motion, Baker, WestRock, and more, providing a steady/direct consumer base from which to draw
• 3 miles South off Interstate 4 (139,000 VPD), allowing users to benefit from easy on/off ramp access to the site and surrounding trade areas
Location

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