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803 E. Memorial Blvd
Lakeland, FL 33801
Asking Price
$1.37M
Cap Rate
5.25%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Low Rent | 37+ Year Operating History | Corporate Lease <ul><li>Absolute NNN lease with <strong>zero landlord responsibilities</strong></li><li>Corporate guaranteed lease</li><li><strong>4.7± years remaining</strong> plus 2 x 5-year options</li><li><strong>Long term operating history since 1989 (37+ years)</strong></li><li>Below market rent profile supports tenant occupancy economics</li><li><strong style="color: rgba(34, 34, 34, 1)">Lakeland CRA active corridor revitalization on US-92 / Memorial Blvd</strong></li><li><strong>Located in feder
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NOI
$80,000
Cap Rate
5.83%
DSCR
0.98
Underwater
Cash-on-Cash
-0.35%
Monthly Payment
$6,787.907
Annual Cash Flow
$-1,454.889
