Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a new Taco Bell in Lake Alfred, FL and part of the Lakeland, FL Metro area. This lease offers a brand new, 23-year, triple net lease with six, five-year tenant renewal options. The lease commencement is upon the Close of Escrow with lease expiration 23 years from COE. There are 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location, recently built in 2024 and includes dual drive-thru lanes. Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates more than 200 restaurants spanning over five states with more than 4,500 employees. This property is ideally positioned at the signalized intersection of Haines Boulevard and Lake Shore Way in Lake Alfred, FL, offering excellent visibility and accessibility. South Lake Shore Way is a major arterial corridor with over 28,500 vehicles passing daily, forming part of the U.S. Routes 17/92 concurrency that connects key cities across Central Florida. The property benefits from a strong daily population with nearby schools (elementary, middle, and high school) serving more than 2,500 students, as well as Polk State College, a multi-campus institution serving over 23,000 students. Lake Alfred, FL is part of the Lakeland metro area which is one of the fastest-growing regions in Florida. The area’s economy is heavily supported by a thriving tourism industry, which attracts over 6.5 million visitors to Polk County annually and generates approximately $4.5 billion in economic activity. Just 10 miles from major family attractions like LEGOLAND Florida and Peppa Pig Theme Park, the property is also near popular destinations such as golf resorts, the Detroit Tigers’ spring training facilities, and a wide range of amateur sports events.