For Sale $3,120,000
Property Type Retail - Freestanding
Property Size 3,692 SF
Units 1
Lot Size 1.01 Acre
Property Tenancy Single Tenant
Year Built 2005
Date Updated Apr 24, 2024

Situated at the southwest corner of Griffin Rd. and Kathleen Rd, this property is in an excellent location. It is just 3 ± minutes north of I-4 which offers great transportation to other major thoroughfares such as the Polk Parkway and US 98.Sale-Leaseback property conveniently located along Griffin Rd just north of I-4 in Lakeland, FL. The subject property features 200 ± FT of frontage on Griffin Rd that has a traffic count of 16,000 cars/day. The property is also situated adjacent to Publix Super Market at Town and Country Square. Initial NOI is 5.5% of gross sales.

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Attachments

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Highlights

In 2024, the restaurant will be remodeled to meet Wendy's new image (to be paid for by the tenant, approximately $500k)
NNN Lease
10% Rent increase every five (5) years
20-year base term with options to renew

Contacts

Glenn Folsom

SVN | Saunders Ralston Dantzler

(877) 518-5263

Location

Getting Around

Walk Score ®
52/100 Somewhat Walkable
Bike Score ®
58/100 Bikeable

Map
Street

City Lakeland, FL
Neighborhood Meadow View Lake
Zip Code 33810
Market Tampa St Petersburg Clearwater

Points of Interest

Lakeland

3.38 miles

7-Eleven

1.66 miles
BP

2.71 miles
Murphy USA

2.81 miles
7-Eleven

2.84 miles
7-Eleven

2.98 miles
Exxon

2.99 miles
Hess

3.97 miles
Sunoco

4.32 miles
Shell

5.08 miles
Mobil

5.15 miles

Gow B. Fields Park & Ride

1.46 miles
Parking Lot BB

4.17 miles
Parking Lot R

4.19 miles
Parking Lot B

4.19 miles
Parking Lot C

4.29 miles
Parking Lot J

4.44 miles
Visitor Parking

8.60 miles
Adopotion Center Parking

8.65 miles
Suntrust Bank Customer parking

9.27 miles
Municipal Parking

9.28 miles

KFC

1.14 miles
Subway

1.14 miles
Red Lobster

1.22 miles
Buffalo Wild Wings

1.23 miles
McDonald's

1.24 miles
Hooters

1.24 miles
Steak 'n Shake

1.31 miles
Sonny's BBQ

1.32 miles
Waffle House

1.36 miles
Chili's

1.40 miles

Publix

0.07 miles
JCPenney

1.02 miles
Lakeland Square Mall

1.13 miles
Sears

1.25 miles
Target

1.53 miles
Shoppes of Lakeland

1.56 miles
Bulk Nation

1.56 miles
TJ Maxx

1.58 miles
Bealls

1.70 miles
Aldi

1.97 miles

Frequently Asked Questions

What is the lease rate for Wendy's Griffin Rd?

Rental asking rate at Wendy's Griffin Rd is $1,560,000.00/YR.

What is the total square footage of Wendy's Griffin Rd?

Wendy's Griffin Rd totals 3,692 square feet.

When was this property built?

Wendy's Griffin Rd was built in 2005.

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