Shopping Neighborhood
Christina Commons | Value-Add Center | Main Retail Corridor
6595 Florida Ave S, Lakeland, FL 33813
Listing Price: $4,200,000
Investment Overview
Marcus & Millichap is pleased to present Christina Commons, a 94.1% occupied shopping center in the Heart of Lakeland’s major retail corridor. The subject property totals approximately 21,548 rentable square feet of building space on a total estimated 2.37-acre parcel of land. This unique investment opportunity is a High Traffic Neighborhood Shopping center positioned in a class A location adjacent to the corner of Florida Ave and Christina Blvd, seeing over 35,000+ cars per day. 105,000+ residents reside within a 5-mile drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Additionally, the 1-Mile average Household Income sits just over $106,000+, more than 1.5x the National Average. Lakeland is the largest city on Interstate 4 between Orlando and Tampa. In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance. Major Surrounding Retailers Include Walmart Supercenter, The Home Depot, Starbucks, Christian Brothers Automotive, Wendy’s, Taco Bell, McDonald’s, Subway, Burger King, Publix, Verizon, Winn-Dixie, Racetrack, AutoZone, Sonny's BBQ, Miller's Ale House, Wawa, Chick-fil-A, First Watch, and many More.
Christina Commons | Value-Add Center | Main Retail Corridor
Investment Highlights
- 94.1% Occupied 17-Unit Strip Center Featuring True NNN Leases with a Strong Mix of service-based Tenants.
- Immediate Value-Add Opportunity to Lease up the Vacant Space & Increase rents at the Center.
- Priced Below Replacement Cost ($194.91) providing room for future appreciation.
- Majority Tenants Feature Increases Throughout the Initial Term and Options.
- Easy Access and Excellent Visibility to the Major Retail Artery on Florida Ave.
- Proximity to Numerous National Retailers Including Walmart Supercenter, The Home Depot, Starbucks, Christian Brothers Automotive, Wendy's, Taco Bell, McDonald's, Subway, Burger King, Publix, Verizon, Winn-Dixie, Racetrack, AutoZone, Sonny's BBQ, Miller's Ale House, Wawa, Chick-fil-A, First Watch, and many More.
Exclusively Listed By
Financing By
Shopping Neighborhood
Christina Commons | Value-Add Center | Main Retail Corridor
Listing Price: $4,200,000
Investment Highlights
- 94.1% Occupied 17-Unit Strip Center Featuring True NNN Leases with a Strong Mix of service-based Tenants.
- Immediate Value-Add Opportunity to Lease up the Vacant Space & Increase rents at the Center.
- Priced Below Replacement Cost ($194.91) providing room for future appreciation.
- Majority Tenants Feature Increases Throughout the Initial Term and Options.
- Easy Access and Excellent Visibility to the Major Retail Artery on Florida Ave.
- Proximity to Numerous National Retailers Including Walmart Supercenter, The Home Depot, Starbucks, Christian Brothers Automotive, Wendy's, Taco Bell, McDonald's, Subway, Burger King, Publix, Verizon, Winn-Dixie, Racetrack, AutoZone, Sonny's BBQ, Miller's Ale House, Wawa, Chick-fil-A, First Watch, and many More.
Investment Overview
Marcus & Millichap is pleased to present Christina Commons, a 94.1% occupied shopping center in the Heart of Lakeland’s major retail corridor. The subject property totals approximately 21,548 rentable square feet of building space on a total estimated 2.37-acre parcel of land. This unique investment opportunity is a High Traffic Neighborhood Shopping center positioned in a class A location adjacent to the corner of Florida Ave and Christina Blvd, seeing over 35,000+ cars per day. 105,000+ residents reside within a 5-mile drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Additionally, the 1-Mile average Household Income sits just over $106,000+, more than 1.5x the National Average. Lakeland is the largest city on Interstate 4 between Orlando and Tampa. In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance. Major Surrounding Retailers Include Walmart Supercenter, The Home Depot, Starbucks, Christian Brothers Automotive, Wendy’s, Taco Bell, McDonald’s, Subway, Burger King, Publix, Verizon, Winn-Dixie, Racetrack, AutoZone, Sonny's BBQ, Miller's Ale House, Wawa, Chick-fil-A, First Watch, and many More.
Exclusively Listed By
Financing By
