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407 E MEMORIAL BLVD
LAKELAND, FL 33801-1768
Asking Price
$2.53M
Cap Rate
6.75%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Recent Lease Extension | Prime Real Estate | Long Operating History <p><strong><em>Long Operating History / Commitment to the store</em></strong></p><ul><li>Dollar General has been operating at this site since 2011</li><li>Dollar General just exercised a 5-year option, showing continued commitment to the store</li></ul><p></p><p><strong><em>Lease Metrics</em></strong></p><ul><li>5+ Years Remaining on Base Term</li><li>Two, 5-Year Options</li><li>Limited Landlord Responsibilities </li></ul><p></p><p><strong><em>Location / Lakeland, FL </em></strong></p><ul><
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NOI
$80,000
Cap Rate
3.16%
DSCR
0.53
Underwater
Cash-on-Cash
-9.25%
Monthly Payment
$12,522.007
Annual Cash Flow
$-70,264.084
