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Lakeland, FL - Circle K

$4,500,000

SEC County Line Road & Drane Field Road, Lakeland, FL 33811

Active
Last Updated: 01/23/2025

5

Cap Rate

225,000

NOI

Details:
Cap Rate:    5%
NOI:    $225,000
Building Size:    5,200 sqft
Lot Area:    4.31 acres
Occupancy:    100%
Year Built:    2025
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

Map:
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