6770 Us Highway 98 N
Lakeland, FL 33809
Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 4,933-square-foot freestanding Jiffy Lube situated on 0.98 acres in Lakeland, Florida. Jiffy Lube' s new 20-year corporately guaranteed absolute NNN lease commenced in November 2017 and includes 10% rent increases every 5 years throughout the initial term and in each of the four 5-year renewal options. The property is ideally located with excellent access and visibility at the signalized intersection of U.S. Highway 98 (Traffic Count: 46,000 VPD) and Marcum Road (Traffic Count: 13,100 VPD), just 3 miles north of Interstate 4 (Traffic Count: 67,000 VPD), which provides direct access to both Tampa and Orlando. Jiffy Lube is also positioned directly across U.S. Highway 98 N from a ±75,000-square-foot shopping center anchored by Publix and is immediately adjacent to Walgreens and Taco Bell/Long John Silver' s and is also within Lakeland' s premier retail corridor with approximately 4.0 MSF of retail and 5,026 multifamily units within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include: Tractor Supply Company, O' Reilly Auto Parts, Walmart Supercenter, Planet Fitness, H&R Block, Wendy' s, Wells Fargo, Checkers, Advance Auto Parts, and CVS, among many others. The site is also just 3 miles north of the 890,000-square-foot Lakeland Square Mall, which is anchored by Cinemark, H&M, Burlington Coat Factory, Dillard' s, and J.C. Penney, and is surrounded by a critical mass of retail development.