Burger King Lakeland,FL

3212 US Highway 98 N, Lakeland, FL 33805

Property Information

  • For Sale $3,200,000
  • Property Type Retail
  • Property Size 3,337 SF
  • Units 1
  • Lot Size 1.19 Acre
  • Property Tenancy Single Tenant
  • Year Built 1979
  • Year Renovated 2016
  • Date Updated Jun 7, 2026

Description

Positioned along the highly trafficked US Highway 98 corridor with immediate access to Interstate 4, this property benefits from exceptional visibility, strong ingress and egress and a strategic location within one of Central Florida's most active retail and commercial growth markets. Located between Tampa and Orlando, Lakeland continues to experience significant population growth, residential expansion, logistics investment and retail development driven by its central location along the Interstate 4 corridor. The property sits directly across from the recently developed CarMax and is surrounded by a dense concentration of national retailers including Target, Lowe's, Home Depot, Starbucks, McDonald's, Dunkin', Krispy Kreme and numerous additional national brands. US Highway 98 serves as a major commercial artery for the region, carrying substantial commuter and consumer traffic while providing direct connectivity to Interstate 4. Continued investment from retailers, developers and corporate users has strengthened the corridor's long term fundamentals and increased demand for strategically positioned retail real estate. Highly visible interstate oriented retail corners with established traffic patterns, signalized access and national retail tenancy are becoming increasingly difficult to replicate throughout Central Florida. As development activity continues throughout the Tampa Orlando corridor, this location offers investors exposure to increasing land values, strong retail fundamentals and long term redevelopment potential.`

Highlights

  • $3,200,000 Offering Price | 4.95% Cap Rate
  • Approximately 1.19 Acres Along US Highway 98
  • Burger King Ground Lease with Percentage Rent Participation
  • Demonstrated Redevelopment Interest Above Asking Price
  • Directly Across from New CarMax Development
  • Immediate Access to Interstate 4
  • Lease Through 2029 with 10 Year Renewal Option Through 2039
  • Located Within Lakeland Midtown CRA District
  • Long Term Land Appreciation and Redevelopment Potential
  • Rare Combination of Current Income and Future Upside
  • Strategic Tampa-Orlando Growth Corridor Location
  • Strong National Retail Co Tenancy and Consumer Demand
  • Tenant Rejected Cash for Keys Proposal Without Counteroffer

Contacts

Mercedes Martin

eXp Commercial

Location

Located at 3212 US Highway 98 N, Lakeland, FL 33805, this property is part of the Webster Park North neighborhood and Tampa St Petersburg Clearwater market.

Contact Listing Broker
Mercedes Martin

eXp Commercial

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