FOR LEASE | North Lakeland | Multi Tenant | Office/Retail Building


4120 US Hwy. 98 North, Lakeland, Florida 33805

Property: Almost 12,000 sf Class A Building less than one mile from I-4, with a total of four suites, ample parking, huge lobby, and excellent frontage off of 98 North on Sleepy Hill Rd. between HH Gregg and Hobby Lobby, and across from Outback Steakhouse! Terra Largo residential development is currently constructing over 600 homes within one mile of this property on Sleepy Hill Road! The property is under new management and currently one office or retail suite is available, Suite 500 at 2,400 rsf. Perfect opportunity for a medical specialist, eye specialist, dentist, or law office as IMA Medical and Wellness Center and Baycare are the anchor tenants. Don’t miss this rare opportunity as this property is a prime location for your business due to the high volume of traffic created by the surrounding retail! 120,000 population within a 5 mile radius and a traffic count of 45,000 VPD.

Suite is independently metered for water and electric, and nicely appointed with large open work space, two offices, reception office, and two internal bathrooms. Current Tenants include Baycare, IMA Medical and Wellness Center, and Advance Spine & Wellness. 6:1000 parking ratio.

Location: Site is an out-parcel to Lakeland Square Mall, located along US 98 North & Sleepy Hill Road. Just off I-4 at exit 32. Very central location for easy access to/from Tampa and Orlando areas. 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, the18th 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 “Super-Region”, 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%).

LIST PRICE: Base Rent $11 PSF + $3.50 per sf NNN