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RaceTrac

6650 US Hwy 98, Lakeland, FL 33809

Listing Price: $5,900,000

Cap Rate
5.25%
Tenant Name
RaceTrac
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.60

Investment Overview

Located at hard corner of highway 98 and Marcum Road with a curb cut on each road. Corporate NNN Lease. Guaranteed by Racetrac Petrolium, Inc. (Estimated $9 Billion in Sales.

Investment Highlights

  • There are 122,000 Residents Making an Average Household Income of $145,500 within a Three-Mile Radius
  • A 10 Year Term Remaining in The Base Term of A 15 Year Lease with Seven Five-Year Options Thereafter
  • A 7.5 Percent Rental Increases Every Five Years

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

RaceTrac

Listing Price: $5,900,000

Cap Rate
5.25%
Tenant Name
RaceTrac
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.60

Investment Highlights

  • There are 122,000 Residents Making an Average Household Income of $145,500 within a Three-Mile Radius
  • A 10 Year Term Remaining in The Base Term of A 15 Year Lease with Seven Five-Year Options Thereafter
  • A 7.5 Percent Rental Increases Every Five Years

Investment Overview

Located at hard corner of highway 98 and Marcum Road with a curb cut on each road. Corporate NNN Lease. Guaranteed by Racetrac Petrolium, Inc. (Estimated $9 Billion in Sales.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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