08/10/2026
JUST LISTED | Burger King | Lakeland, FL
$3,200,000 | 4.76% Cap Rate on Total Revenue (Base + Percentage Rent)
This is not your typical flat-rent NNN deal. This Burger King has operated at this hard corner on US Highway 98 since 1979, 47+ years and the lease pays you two ways:
✅ $100,000 contractual base rent with steps to $125K (2029) and $150K (2034)
✅ 8.5% percentage rent the store has generated EVERY year shown sales exceed the breakpoint by $625K+
✅ Automatic 10-year renewal through 2039 unless the tenant opts out by Sept 2028
✅ 1.20 acres fee simple, directly across from the new CarMax, minutes from I-4
✅ Inside the Lakeland Midtown CRA District
✅ Prior redevelopment proposal came in ABOVE asking the tenant declined a cash for keys offer without countering
Current income today. Sale linked upside every year. A land position on one of Central Florida's strongest corridors tomorrow.
Serious inquiries: 954.881.9580 | [email protected]
eXp Realty
Burger King ground lease on 1.20 ac at US-98 & I-4 in Lakeland, FL. $3,200,000 | 4.76% cap on base + percentage rent. Automatic renewal through 2039