Listing Summary
Lee & Associates, in conjunction with Bang Realty–Naples, Inc. (FL Broker’s License: BK3327646), is pleased to offer the fee simple interest in a build-to-suit Crunch Fitness property located at 5218 S Florida Ave in Lakeland, FL 33813.
Full Description
Lee & Associates, in conjunction with Bang Realty–Naples, Inc., is pleased to exclusively offer a premier single-tenant retail investment located at 5218 S Florida Ave, Lakeland, FL. This high-performing Crunch Fitness was a 2020 build-to-suit, featuring an 18,000-square-foot facility situated on a sprawling 3.17-acre parcel.
Investment Highlights
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Strong Corporate Guarantee: Leased to CR Fitness Holdings, LLC, the nation’s largest Crunch Fitness franchisee with 70+ locations.
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Long-Term Passive Income: Over 10 years of initial lease term remaining on a 15-year lease.
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Hedge Against Inflation: Features 10% rent increases every five years, including through the three 5-year renewal options.
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Modern Construction: Purpose-built in 2020, offering minimal deferred maintenance for a new owner.
Location & Central Florida Demographics
Strategically located in one of Florida's fastest-growing MSAs, this asset sits in the heart of the Florida Avenue South retail corridor:
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High Traffic Counts: Over 43,000 VPD (Vehicles Per Day) on S. Florida Ave.
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Affluent Population: Average household income of $129,547 within a 3-mile radius.
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Strategic Hub: Direct access to the I-4 Corridor, perfectly positioned between Tampa (38 miles) and Orlando (62 miles).
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Corporate Synergy: Lakeland is the headquarters of Publix Super Markets, driving a stable and growing local economy.
Property Specifications
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Address: 5218 S Florida Ave, Lakeland, FL 33813
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Tenant: Crunch Fitness (CR Fitness Holdings, LLC)
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Building Size: 18,000 SF
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Lot Size: 3.17 Acres
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Year Built: 2020
Quick Glance
- Listing ID:
CL-Florida-25937
- Status:
Active
- Year Build:
2020
- Building Size:
18,000 SqFt
- Lot Size:
N/A