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Sherwin-Williams Commercial Paint Store 2920 Franklin St

7,600 SF Retail Building Lakeland, FL 33803 $2,400,000 ($316/SF) 5.95% Cap Rate

Storefront Properties Florida Lakeland 2920 Franklin St, Lakeland, FL 33803

Investment Highlights

  • Less than 5 miles southeast of downtown Lakeland
  • Easy access to Interstates 75 & 95
  • Commercial Store with Larger Capacity and Expanded Capabilities
  • Located within Lakeland-Winter Haven, FL MSA (MSA Population: 754,798) - Florida's fastest-growing county.

Executive Summary

CBRE is pleased to exclusively offer for sale the 7,600-square-foot Sherwin-Williams Commercial Paint Store situated on 1.22 acres in Lakeland, Florida (MSA Population: 754,798). Recently opened in February 2024, Sherwin-Williams‘ 9.1-year net lease features five, 5-year renewal options with a 7.4% rent increase in the first option and 8% increases in each option thereafter.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,600 SF
Year Built
2023
Price
$2,400,000
Price Per SF
$316
Cap Rate
5.95%
NOI
$142,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.21 AC
Zoning
C4
1 of 1

PROPERTY TAXES

Parcel Number 24-28-34-266500-002370 Improvements Assessment $0
Land Assessment $175,410 Total Assessment $175,410

PROPERTY TAXES

Parcel Number
24-28-34-266500-002370
Land Assessment
$175,410
Improvements Assessment
$0
Total Assessment
$175,410
  • Christopher Bosworth
    Christopher Bosworth
  • Brian Pfohl
    Brian Pfohl
  • Thomas Carr
    Thomas Carr
  • Kaitlyn Wolf
    Kaitlyn Wolf
  • Mark Drazek
    Mark Drazek
  • Leah Lindell
    Leah Lindell
  • Abby Kelly
    Abby Kelly
(404) 923-1486

  • Listing ID: 29349839

  • Date on Market: 8/23/2023

  • Last Updated:

  • Address: 2920 Franklin St, Lakeland, FL 33803

More public record information on 2920 Franklin St, Lakeland, FL 33803

The Retail Property at 2920 Franklin St, Lakeland, FL 33803 is currently available For Sale. Contact CBRE, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Sherwin-Williams Commercial Paint Store | 2920 Franklin St
(404) 923-1486 x

Sherwin-Williams Commercial Paint Store | 2920 Franklin St

1/7

Christopher Bosworth

(404) 923-1486

(404) 923-1486

Brian Pfohl

(404) 504-7900

(404) 504-7900

Thomas Carr

(404) 812-5101

(404) 812-5101

Kaitlyn Wolf

(404) 812-5299

(404) 812-5299

Mark Drazek

(407) 839-3123

(407) 839-3123

Leah Lindell

(404) 812-5136

(404) 812-5136

Abby Kelly

(404) 923-1460

(404) 923-1460

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