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Sherwin-Williams Commercial Paint Store 2920 Franklin St

7,600 SF Retail Building Lakeland, FL 33803 £1,896,024 (£249/SF) 5.95% Net Initial Yield

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
£1,896,024
Price Per SF
£249
Net Initial Yield
5.95%
NOI
£112,813
Tenancy
Single
Number of Floors
1
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 £138,576 Total Assessment £138,576

PROPERTY TAXES

Parcel Number
24-28-34-266500-002370
Land Assessment
£138,576
Improvements Assessment
£0
Total Assessment
£138,576
  • 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: 23/08/2023

  • Last Updated:

  • Address: 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.

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© 2024 CoStar Group

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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