4120 US Hwy. 98 North, Lakeland, Florida 33805
One Lakeland Square | Multi Tenant Office/Retail
Property: 12,000 sq. ft. Class A building in a very high traffic count location 30 minutes from both Tampa and Orlando,1 Mile from I-4 at exit 32 and 10 minutes from Downtown Lakeland. There are five office suites, ample parking and an expansive common lobby area. The property currently has one office suite available, Suite 100 at 3,100 rsf. Previously occupied by BayCare, this is the perfect opportunity for a professional office, doctor’s office, medical specialist, eye specialist, or dentist, as IMA Medical & Wellness, a large internal medicine clinic, is the anchor tenant. Suite is independently metered for water and electric, and nicely appointed with a large waiting room/reception, open work space area, office with private bathroom, two separate client/patient bathrooms, employee kitchen and lounge, three rooms currently utilized as exam rooms, a second private office, file room, procedure room with separate lab. Current Tenants include ADT Security, IMA Medical & Wellness Center, and Advance Spine & Wellness. 6:1000 parking ratio.
Location: Site is an outparcel to Lakeland Square Mall, located along US Hwy 98 North & Sleepy Hill Road. Just one mile off I-4 at Exit 32, between Hobby Lobby and Chase Bank, and across from Outback Steakhouse! Terra Largo residential development recently constructed over 600 homes within one mile of this property on Sleepy Hill Road. Don’t miss this rare opportunity, as this property is a prime location for your business due to the high traffic volume created by the surrounding retail! 120,000 population within a 5-mile radius and a traffic count of 45,000 VPD. Very central location for easy access to/from Tampa and Orlando areas.
Area: The population of the Lakeland-Winter Haven MSA, which includes all of Polk County, has grown by 33.4% since 2000 reaching a population of approximately 645,000 people. The population is projected to continue growing at an annual rate of 1.5% over the next five years as the area continues to gain ground as a key transport and logistics hub for Florida. The City of Lakeland is located in the Lakeland-Winter Haven MSA, which incorporates all of Polk County, the 8th largest county in Florida. Lakeland is 32 miles east of Tampa, the 18th largest MSA in the US, and 54 miles from Orlando, the 26th largest MSA in the US. Incorporated in 1885, Lakeland is the largest city in the MSA with just over 100,000 residents. Lakeland is strategically positioned in the heart of the I-4 corridor “SuperRegion”, which is comprised of Lakeland-Winter Haven MSA, Tampa-St. Petersburg-Clearwater MSA, and Orlando MSA. Within a 100- mile radius reside 8.6 million people and a workforce of 3.4 million. Within the same 100-mile radius, Polk County has access to 500,000 students at three major research universities, numerous colleges, community colleges and technical schools. According to the BLA, 1n 2015, U.S. employment grew 2.0%. Among mid-sized metros, the highest percentage growth is found in Lakeland-FL (4.2%).
LEASE RATE: Base Rent $9 PSF + $4.00 per sf NNN
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