100% Occupied Multi-Tenant Industrial Asset with NNN leases – The property is fully leased to four complementary automotive and industrial tenants, providing diversified income streams and operational synergy.
Strong In-Place Cash Flow with 6.75-Year WALT – The asset features a weighted average lease term of approximately 6.75 years, providing durable long-term income stability and reduced rollover risk.
Below-Market In-Place Rents Create Significant Upside – Average rents of just $7.32/SF are well below replacement cost and current market industrial rates in the Lakeland market, providing investors with substantial mark-to-market potential over time.
NNN Lease Structure – Tenants reimburse operating expenses, helping provide stable and predictable cash flow for ownership.
Attractive Basis at Approximately $109/SF – The offering presents an opportunity to acquire a functional 50,467 SF industrial asset at a basis significantly below replacement cost in one of Florida’s fastest-growing industrial corridors.
Growing Tenant – Classic Collision (67.27% of GLA) – The property is anchored by Classic Collision, one of the nation’s fastest-growing collision repair operators, with continued nationwide expansion supported by institutional capital and industry consolidation trends.
Annual Rental Increases Provide Organic NOI Growth – Leases include annual and periodic rental escalations, helping drive long-term income growth and hedge against inflation
Strategically Located Between Tampa & Orlando – Lakeland’s central Florida location along the I-4 corridor continues to attract industrial users, logistics operators, and manufacturing businesses seeking access to both major MSAs.
Beneficiary of Explosive Polk County Growth – Polk County remains one of the fastest-growing counties in Florida and the nation, fueled by population migration, employment growth, and continued industrial development throughout Central Florida.
Dense and Growing Demographics – The property serves a population of approximately 394,600 residents within a 10-mile radius, supporting long-term demand for automotive repair and industrial services.
Auto-Service Oriented Asset in Supply-Constrained Segment – Collision repair and automotive service facilities remain highly desirable due to increasing vehicle complexity, growing repair demand, and limited available inventory.
±50,467 SF Industrial Facility Situated on ±4.47 Acres – Large-scale site provides ample parking, outdoor storage, circulation, and operational flexibility for industrial and automotive users.
Functional Multi-Tenant Configuration – The property is designed to accommodate multiple users with separate suites, supporting diversified tenancy while maintaining operational efficiency.
High Barrier-to-Entry Industrial Product Type – Functional automotive and light industrial facilities with excess land, yard area, and specialized build-outs remain difficult and costly to replicate in today’s construction environment.
Excellent Accessibility & Visibility Along US-92 – Positioned on a major commercial corridor with strong connectivity to Lakeland, Interstate 4, and the broader Central Florida region.
Proximity to Major Transportation Infrastructure – Convenient access to Interstate 4 allows efficient connectivity to Tampa, Orlando, Port Tampa Bay, and Central Florida logistics networks.