1855 E Memorial Blvd - Fast Food FOR SALE


Lakeland, FL 33801
$1,100,000 USD
727-755-3249
1855 E Memorial Blvd, Lakeland, FL for Sale
$1,100,000 USD
Fast Food - FOR SALE
1/26
null | Request Cap Rate

1855 E Memorial Blvd
Lakeland, FL 33801


HIGHLIGHTS

  • 1855 E Memorial Boulevard is a former Taco Bell fast-food restaurant with a drive-thru that is available for immediate use or redevelopment.
  • Situated in a high-growth area equidistant to both Tampa and Orlando that’s projected to see a 17% increase in population over the next five years.
  • Perfectly positioned in Lakeland, which is home to the Publix headquarters and serves as a distribution hub for Florida and the entire Southeast.
  • 1855 E Memorial Boulevard is the only hard stop corner for a quick service restaurant on a four-mile stretch of E Memorial/Highway 93.
  • Take advantage of exposure to over 30,000 average daily vehicles at the nearby intersection of E Memorial Boulevard and N Canal Avenue W.

OVERVIEW

Price Reduced - 1855 E Memorial Boulevard is a free-standing retail building at a signalized intersection in Lakeland, Florida. Formerly a Taco Bell, the building is situated on a .66-acre lot totaling 2,575 square feet with a dedicated drive-thru lane. While the site could continue to serve as a fast-food restaurant, it also presents multiple redevelopment options, including the potential for a MEDICAL DISPENSARY. This makes it suitable for any business looking to capitalize on a highly trafficked location. The site offers ample parking with 30 spaces, has 179’ of frontage on E Memorial Boulevard, and benefits from exposure to over 30,000 vehicles that pass daily along the HARD-CORNER intersection of E Memorial Boulevard and Gary Road. Perfectly placed in one of the fastest growing regions in the country, the community within a five-mile radius of 1855 E Memorial Boulevard is due to see a 17% growth in population over the next five years. That number will help buoy a total consumer spending that exceeds $1.4 billion within five miles, 28.4% of which is spent on food and drink, 15.9% on entertainment, and 5.7% on apparel. Well-positioned and encapsulated by dense residential neighborhoods, 1855 E Memorial Boulevard is also New Markets Tax Credit (NMTC) eligible, which provides significant cost savings.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$427 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C-2, County

APN/PARCEL ID

24-28-17-000000-012050

ASK ABOUT THIS PROPERTY

Randall PerryProperty Group USAMore Info
727-755-3249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randall PerryProperty Group USAMore Info
727-755-3249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.