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9875 Huff N Puff Rd

10,720 SF 16% Leased Retail Building Lakeland, TN 38002 $1,650,000 ($154/SF)

Investment Highlights

  • Great location in Lakeland at Canada Rd & I-40
  • One of only a few existing commercial properties available in Lakeland
  • Surrounded by residential and commercial growth

Executive Summary

This area is about to undergo a dramatic change in the coming months and years ahead as the public is learning about Lakeland's ambitious plans for quality growth while also focusing on the renovation of existing commercial areas that are few within the city limits.
9875 Huff N Puff sits on one of the busiest interstate corridors in the country (I-40 & Canada Rd).
Annual Average Daily Traffic Counts : Interstate 40 (69,585) and Canada Rd (10,431)
This retail center is currently made up of three units that total 10,720 sqft. Lakefront Wellness & Fitness occupies approx 3,200 sqft on the east end, there is an unfinished (shell condition) space in the middle that is approx 4,500 sqft, and RJ Young occupies approx 2,900 sqft on the west end. The middle 4,500 sqft is perfect for an owner/user of the property looking to have built in passive income from neighboring tenants.
Rent from both occupied units totals approx. $6,700/month
Gym lease expires 5/31/25
RJ Young lease expires 1/31/26
The property sits across the street from the newly proposed YMCA location Lakeland has announced. Link below; here are a few highlights: "the facility would feature an indoor pool, indoor basketball courts, a baseball field, a fitness center, a splash pad, and a lazy river, among other things."
https://lakelandcurrents.com/lakeland-looking-to-replace-old-hotel-with-a-ymca/
On both sides of the property are large mixed use developments; Ashmont is located to the west and The Lake District to the south. Both developments plan to bring a mix of commercial uses with over 500 new residential homes and apartments along with multiple new multiple hotels.

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income $80,000 $7.46
Other Income - -
Vacancy Loss - -
Effective Gross Income $80,000 $7.46
Taxes $13,421 $1.25
Operating Expenses $3,400 $0.32
Total Expenses $16,821 $1.57
Net Operating Income $63,179 $5.89

Financial Summary (Actual - 2022)

Gross Rental Income
Annual $80,000
Annual Per SF $7.46
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $80,000
Annual Per SF $7.46
Taxes
Annual $13,421
Annual Per SF $1.25
Operating Expenses
Annual $3,400
Annual Per SF $0.32
Total Expenses
Annual $16,821
Annual Per SF $1.57
Net Operating Income
Annual $63,179
Annual Per SF $5.89

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,720 SF
Building Class
C
Year Built
2004
Price
$1,650,000
Price Per SF
$154
Percent Leased
16%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
0.91 AC
Zoning
C-2
Parking
30 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
399 FT on Huff N Puff rd

Amenities

  • Security System
  • Skylights
  • Storage Space
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Lakefront Health & Wellness
  • -
  • -
  • -
  • -
  • RJ Young
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Lakefront Health & Wellness - - - -
RJ Young - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,000-4,500 SF
  • Retail
  • In-Line
  • Now

Unfinished (shell condition) space in the middle that is approx 4,500 sqft.

Space Size Space Use Position Available
1st Floor 2,000-4,500 SF Retail In-Line Now

1st Floor

Size
2,000-4,500 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 2,000-4,500 SF
Space Use Retail
Position In-Line
Available Now

Unfinished (shell condition) space in the middle that is approx 4,500 sqft.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
L0-159-0-0515
Land Assessment
$63,920 (2024)
Improvements Assessment
$229,120 (2024)
Total Assessment
$293,040 (2024)
Annual Taxes
$13,421 ($1.25/SF)
Tax Year
2022
  • Listing ID: 29353664

  • Date on Market: 8/24/2023

  • Last Updated:

  • Address: 9875 Huff N Puff Rd, Lakeland, TN 38002

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