6906 US Highway 98
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6906 US Highway 98
8,500 SF 100% Leased Retail Building Lakeland, FL 33809 $3,131,128 CAD ($368 CAD/SF) 5.68% Cap Rate
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| 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
$3,131,128 CAD
Price Per SF
$368 CAD
Cap Rate
5.68%
NOI
$177,763 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
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 | $949,401 CAD (2023) |
| Land Assessment | $290,415 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $658,987 CAD (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
23-27-14-000000-022140
Land Assessment
$290,415 CAD (2023)
Improvements Assessment
$658,987 CAD (2023)
Total Assessment
$949,401 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2021
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6906 US Highway 98
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