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Chick-Fil-A 6875 S Florida Ave 5,335 SF Retail Building Lakeland, FL 33813 $4,894,117 ($917.36/SF) 4.25% Cap Rate
Investment Highlights
- Chick-fil-A remains the #1 fast-food chicken brand in the U.S., with over $20 billion in 2023 sales, reflecting a 14.7% year-over-year increase
- Brand new 15-year ground lease with Chick-fil-A on over 2 acres offering 10% rental increases every 5 years.
Executive Summary
Prime Location in High-Growth Market: Located on Florida Avenue South, one of Lakeland’s primary retail corridors, surrounded by strong national tenants including Publix, Walmart, Aldi, 7-Eleven, Starbucks, Home Depot, and Walgreens—all driving consistent foot traffic.
Strong Demographics & Demand Drivers: More than 140,000 residents within 5 miles, with average household incomes in excess of $100K in 3 miles. Lakeland is a key commuter hub between Tampa and Orlando, with robust daytime traffic from both residential and business populations.
Superior Visibility & Accessibility: Excellent frontage on Florida Avenue South, a high-traffic thoroughfare with 55,000+ vehicles per day at the intersection, offering exceptional visibility and direct access.
Strong Demographics & Demand Drivers: More than 140,000 residents within 5 miles, with average household incomes in excess of $100K in 3 miles. Lakeland is a key commuter hub between Tampa and Orlando, with robust daytime traffic from both residential and business populations.
Superior Visibility & Accessibility: Excellent frontage on Florida Avenue South, a high-traffic thoroughfare with 55,000+ vehicles per day at the intersection, offering exceptional visibility and direct access.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,335 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,894,117
Price Per SF
$917.36
Cap Rate
4.25%
NOI
$208,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.18 AC
Zoning
LCC - Commercial
Parking
55 Spaces (10.31 Spaces per 1,000 SF Leased)
Frontage
223’ on Florida Ave S
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-29-23-000000-022170 | Improvements Assessment | $0 |
| Land Assessment | $289,680 | Total Assessment | $289,680 |
Property Taxes
Parcel Number
23-29-23-000000-022170
Land Assessment
$289,680
Improvements Assessment
$0
Total Assessment
$289,680
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Chick-Fil-A | 6875 S Florida Ave
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