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Taco Bell 1855 E Memorial Blvd

2,575 SF Retail Building Lakeland, FL 33801 £860,695 (£334/SF)

Investment 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.
  • Perfectly positioned in Lakeland, which is home to the Publix headquarters and serves as a distribution hub for Florida and the entire Southeast.
  • Take advantage of exposure to over 30,000 average daily vehicles at the nearby intersection of E Memorial Boulevard and N Canal Avenue W.
  • 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.
  • 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.

Executive Summary

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.

Attachments

Lakeland

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,575 SF
Building Class
B
Year Built
1987
Price
£860,695
Price Per SF
£334
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.66 AC
Zoning
C-2, County
Parking
30 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
179 ft on E Memorial Blvd

Amenities

  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,575 SF
  • Retail
  • -
  • Now

Triple Net lease, service type. 7% commission available to anyone that brings in an interested party. Strong national or regional credit-qualified tenants only.

Space Size Space Use Position Available
1st Floor 2,575 SF Retail - Now

1st Floor

Size
2,575 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 2,575 SF
Space Use Retail
Position -
Available Now

Triple Net lease, service type. 7% commission available to anyone that brings in an interested party. Strong national or regional credit-qualified tenants only.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-28-17-000000-012050
Land Assessment
£276,298
Improvements Assessment
£150,421
Total Assessment
£426,719
  • Listing ID: 17482903

  • Date on Market: 17/10/2019

  • Last Updated:

  • Address: 1855 E Memorial Blvd, Lakeland, FL 33801

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