Log In/Sign Up
Your email has been sent.
Budget Truck Rental Corporate Store 120 W Memorial Blvd 861 SF Retail Building Lakeland, FL 33815 $1,471,000 ($1,708.48/SF) 5.75% 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 $1,471,000, 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 $1,471,000, 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
$1,471,000
Price Per SF
$1,708.48
Cap Rate
5.75%
NOI
$84,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
C-2 - 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
Walk Score®
Very Walkable (81)
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
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Budget Truck Rental Corporate Store | 120 W Memorial Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.