32055 Archives | Sands Investment Group

Sands Investment Group is Pleased to Exclusively Offer For Sale the 47,088 SF Lake City Gateway Strip Located at 1037-1110 West US Highway 90 in Lake City, FL. This Deal is the Perfect Opportunity to Add-Value to an Already Steady Cash Flowing Investment at 98% Leased With Below Market Rates and Historic Tenancy. The Property is Ideally Situated Near the Downtown of the City With Major Frontage and Exposure and National Tenants Nearby.

Significant Value-Add Opportunity
Significantly Below Market Rents: Average Rental Rate of $10/SF in a Market That Supports $12/SF – $18/SF
Priced Well Below Replacement Cost
Growth Potential: as a Tertiary Market, the Strip Center Has Significant Growth Potential, With Room For Expansion and the Ability to Capture a Larger Share of the Local Market Over Time; This Presents an Opportunity For Businesses to Establish Themselves Early and Benefit From the Area’s Evolving Dynamics
Conveniently Located on West US Highway 90, in Between Jacksonville and Tallahassee – 31,500 AADT
Tenant Rollover Provides For Immediate Value-Add Recapture
Excellent Frontage and Visibility on a Main Thoroughfare With Multiple Points of Access
Leases Are Currently Modified Gross; Leases In Place All Call For CPI Increases

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

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Sands Investment Group is Pleased to Present Exclusively For Sale the 6,769 SF Lake City Cancer Care Modified Gross Medical Located at 4520 U.S. Highway 90 in Lake City, Florida. This Deal Includes Single Tenant Medical Building, With Over 7 Years Remaining on the Lease Term. Starting in 2023, There Are 2% Annual Increases, Providing For a Secured Investment.

Single Tenant Medical Building, With Over 7 Years Remaining on the Lease Term
Starting in 2023, There Are 2% Annual Increases
Lake City Cancer Care Has Occupied the Space Since 2004 and Are Leased Through 2029
Recession, Pandemic and Internet Proof Tenant
Lake City Cancer Care is Affiliated With Lake City Medical Center, a 91-Bed Acute Care Hospital and Has a Total Revenue of $941,133,427
Located in a Dense Medical Corridor, 1-Mile Away From Lake City Medical Center
Very Strong 1-Mile Radius Demographics, Showing a 4.70% Population Growth Over the Next 5 Years
Demographics Include a Population of 29,938 Residents Making an Average Household Income of $67,784 Within a 5-Mile Radius
Nearby Tenants Include: Family Dollar, O’Reilly Auto Parts, Goodwill, Honda, Chrysler Dodge Jeep Ram, Chevrolet, Dollar General, Tractor Supply Co., Chevron and Many More

In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities