6906 US Highway 98
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6906 US Highway 98
8,500 SF 100% Leased Retail Building Lakeland, FL 33809 £1,732,940 (£204/SF) 5.68% Net Initial Yield
Investment Highlights
- Located in main corridor of US 98
- Opportunity to increase rents to maximize income at market rates
- In the immediate vicinity of other retail like Publix (across the street) and Walgreens.
- 100% occupied
Executive Summary
Great investment opportunity in a ever expanding area.
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
1985
Price
£1,732,940
Price Per SF
£204
Net Initial Yield
5.68%
NOI
£98,384
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Lot Size
0.64 AC
Zoning
C-3, County - Retail commercial
Parking
12 Spaces (0.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 23-27-14-000000-022140 | Total Assessment | £525,294 (2023) |
| Land Assessment | £160,683 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £364,611 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
23-27-14-000000-022140
Land Assessment
£160,683 (2023)
Improvements Assessment
£364,611 (2023)
Total Assessment
£525,294 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2021
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6906 US Highway 98
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