628 N Wabash Ave | Lakeland, FL 33815
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628 N Wabash Ave
Lakeland, FL 33815
MARATHON GAS STATION W/ "GO MARKET" C-STORE · Retail Property For Sale
Investment Highlights
- 12-PUMP MARATHON GAS STATION IN LAKELAND, FL! LOCATED LESS THAN A HALF MILE OFF OF I-4!
- 8.3% CAP RATE ON AVERAGE THROUGHOUT THE 20-YEAR TERM!
- RECENT SITE RENOVATIONS INCLUDE NEW HVAC, ROOF, PUMPS, CANOPY, SIGNAGE, PAINT, & THE NEWLY RENOVATED "GO MARKET" INSIDE STORE W/ MANY INTERIOR UPDATES
- 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS! 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE!
- 6.7% CAP RATE IN 2024! 7.3% CAP RATE IN 2029! 8% CAP RATE IN 2034! 9% CAP RATE IN 2039! 10% CAP RATE IN 2044!
- STRONG TENANT IN PLACE WITH OVER 31 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,375 SF
Building Class
B
Year Built/Renovated
1987/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.63 AC
Zoning
CG - Convenience Stores w/Gas
Parking
18 Spaces (13.09 Spaces per 1,000 SF Leased)
Frontage
127’ on North Wabash Avenue
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 23-28-15-086000-001010 | Improvements Assessment | $342,221 |
| Land Assessment | $82,959 | Total Assessment | $425,180 |
Property Taxes
Parcel Number
23-28-15-086000-001010
Land Assessment
$82,959
Improvements Assessment
$342,221
Total Assessment
$425,180
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