Listing Summary
Investment Opportunity: High-Yield Mobil Gas Station & "Go Market" in Lakeland, FL
Full Description
Absolute NNN Passive Investment | 7.3% Cap Rate | 20-Year Lease Term
Location: Hard Corner of State Road 60 & Crown Ave, Lakeland, Florida
Price: $2,475,000
Building Size: 1,571 SF | Year Built: 1988 (Fully Remodeled 2024/2025)
Executive Summary: Rare 20-Year Absolute NNN Asset
Secure a premier, recession-resistant asset in the heart of Central Florida. This fully remodeled, 8-pump Mobil Gas Station features a signature "Go Market" convenience store and represents a turn-key opportunity for an investor seeking long-term, hassle-free cash flow.
Located on a high-traffic hard corner, this property is being offered with a brand-new 20-year Pure Triple Net (NNN) lease that will commence at closing. With a strong starting yield and guaranteed rent escalations, this is a "mailbox money" investment at its finest, ideally suited for 1031 exchange participants or out-of-state investors.
Strategic Location & Market Dominance
This Mobil-branded station occupies a commanding position on State Road 60, widely recognized as the longest and one of the most traveled east-west highways in Florida.
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Residential Synergy: Situated just miles from Downtown Lakeland, the site is nestled within a dense residential pocket, ensuring a loyal, built-in local customer base alongside heavy highway commuter traffic.
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Limited Inventory: This is currently the only Pure NNN gas station available for sale in the Lakeland market, offering a unique competitive advantage in a region with extremely high barriers to entry.
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Traffic Drivers: Positioned on the corner of SR-60 and Crown Ave, the site captures "all-direction" traffic, fueling both gas volume and high-margin C-store sales.
The Lease: 20 Years of Guaranteed Security
This investment is backed by a Pure NNN Lease, shifting 100% of the operational and maintenance burdens to the tenant. The owner has zero responsibilities for property taxes, insurance, CAM, roof, or structure.
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Initial Term: 20 Years (Commencing 2025).
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Rental Growth: 7.5% rent increases every 5 years to ensure a hedge against inflation.
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Options: Two (2) additional 5-year renewal options.
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Starting Income: $180,000 annually ($15,000/month).
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Operator Strength: The lease is guaranteed by a veteran operator with over 35 years of industry experience and a massive portfolio of 50+ successful locations across the state.
Financial Performance & Yield Projection
While many NNN assets offer flat returns, this Mobil station provides an aggressive internal rate of return (IRR) through its built-in escalations:
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In-place Cap Rate: 7.3%
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2030 Projection: 7.5%+ Cap Rate
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2035 Projection: 8.0%+ Cap Rate
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Term End Projection: 10.0%+ Cap Rate
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Lease Security: Fully backed by a formal Mobil Fuel Supply Agreement for the duration of the term.
Recent Renovations & Capital Improvements
The property has undergone extensive upgrades, ensuring it meets the highest modern standards and reducing any foreseeable capital expenditure for the buyer:
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Modern Branding: New "Go Market" signature convenience store build-out.
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Infrastructure: Fully updated 8-pump fueling station with high-tech dispensers.
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Interior/Exterior: Fresh exterior paint, updated signage, and a modernized interior retail floor designed for high-volume sales.
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Environmental Compliance: Clean environmental records are in place, providing absolute peace of mind for the incoming owner.
Why Invest in the Lakeland/Tampa Corridor?
The Lakeland market is part of the explosive growth corridor between Tampa and Orlando. As population density increases, highway-frontage retail assets like this Mobil station become increasingly valuable. This asset offers a rare combination of high yield, long-term lease security, and a proven, seasoned tenant—a trifecta that is virtually impossible to find elsewhere in the Florida market today.
This high-yield opportunity is priced to sell and will not remain on the market long. Contact us today for the full Offering Memorandum and due diligence package.
Quick Glance
- Listing ID:
CL-Florida-27683
- Status:
Active
- Year Build:
1988
- Building Size:
1,571 SqFt
- Lot Size:
N/A