Florida-based Seller Represented By Patrick Nutt And William Wamble Sells Circle K Ground Lease In Lakeland For $4.29M
3810 County Line Road
$4,290,000
$825/SF
Building Size
5,200 SF
Asset Type
Retail
Closing
Mar 17, 2026
AI
The transaction involved the sale of a 5,200-square-foot retail property located at 3810 County Line Road in Lakeland, with the sale price set at $4,290,000. The asset encompasses 4.3 acres and is subject to an absolute NNN corporate-guaranteed lease, which has just under 15 years remaining.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,290,000
- Square Footage: 5,200
- Address: 3810 County Line Road
- Market: Lakeland
- Cap Rate: 5.25%
- Brokers: Patrick Nutt & William Wamble - SRS Real Estate Partners
- Buyer: California-based 1031 exchange investor
Patrick Nutt and William Wamble of SRS Real Estate Partners represented the Florida-based seller in this transaction, facilitating the deal with unique market insight and expertise in retail assets.
Players
Lakeland Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.70%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93