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Budget Truck Rental Corporate Store 120 W Memorial Blvd 861 SF Retail Building Lakeland, FL 33815 $1,395,000 ($1,620.21/SF) 6.06% Cap Rate
Investment Highlights
- Hard-corner site at signalized intersection
- High-traffic location with strong daily counts
- Excellent visibility and access from multiple approaches
Executive Summary
Premier Commercial Group is pleased to present 120 W Memorial Blvd, a prime 0.63-acre investment opportunity consisting of three parcels at a highly visible hard corner. Located at a busy signalized intersection, this property offers unmatched accessibility and exposure, making it ideal for retail, service, or quick-serve users.
The site is currently leased to Budget under a corporate lease with nearly 40 years of operating history at this location, providing both stability and long-term upside. The tenant has 6 years remaining on the current term with two additional 5-year options, ensuring continued income while
allowing flexibility for future redevelopment.
Offered at $1,395,000, this is a rare chance to acquire a hard-corner asset with strong visibility, excellent ingress/egress, and significant potential in a proven trade area.
The site is currently leased to Budget under a corporate lease with nearly 40 years of operating history at this location, providing both stability and long-term upside. The tenant has 6 years remaining on the current term with two additional 5-year options, ensuring continued income while
allowing flexibility for future redevelopment.
Offered at $1,395,000, this is a rare chance to acquire a hard-corner asset with strong visibility, excellent ingress/egress, and significant potential in a proven trade area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
861 SF
Building Class
B
Year Built
1990
Price
$1,395,000
Price Per SF
$1,620.21
Cap Rate
6.06%
NOI
$84,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
C2 - Allows numerous commercial and retail uses such as medical, QSR/restaurants, medical marijuana, gas stations, daycare, car rental, and many more.
Parking
30 Spaces (34.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-28-13-077000-001060 | Improvements Assessment | $73,419 |
| Land Assessment | $78,539 | Total Assessment | $151,958 |
Property Taxes
Parcel Number
23-28-13-077000-001060
Land Assessment
$78,539
Improvements Assessment
$73,419
Total Assessment
$151,958
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Budget Truck Rental Corporate Store | 120 W Memorial Blvd
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