Walgreens

3120 Kathleen Road, Lakeland, FL
Deal Type:
Net Lease
Price:
$6,240,000
Cap Rate:
4.75%
Current Rent:
$296,400
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12 x 5 year options
Building Sq. Ft.:
14,820
Rent Increases:
5% every 5 years
Site Size:
2.00 acres

Investment Highlights

  • Fronting Kathleen and Griffin Roads (33,300 VPD) with excellent visibility, and just north of the on/off ramps to Interstate 4 (103,000 VPD) the primary freeway connection Tampa and Orlando
  • Property is also less than 2 miles southwest of the Lakeland Square Mall (890,000 SF of retail), anchored by Burlington, JCPenney, H&M, and Dillard’s increasing consumer traffic to the area
  • Asset is shadow anchored by adjacent Publix shopping center
  • One of few Walgreens leases providing rental growth throughout the term

Listing Agents

Connor Shell

407 913 9009
Connor@stream-cp.com

Jordan Shtulman

847 226 4133
Jordan@stream-cp.com

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