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1117 Bryn Mawr Ave
Lake Wales, FL 33853 Winter Haven/Lake Wales

$393,600 USD

Medical For Sale  •  984 SF

Property Details

  • Property Type Medical
  • Total Building Size 984 SF
  • Lot Size 0.25 AC
  • Building Class B
  • Year Built 1995
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning C
30 Transit Score
50 Walk Score

Highlights

Recently Executed 5-Year Lease - The tenant, Massage Lake Wales, a well-established business within the local community, just executed a 5-year lease.
Absolute NNN Lease - The lease features zero landlord responsibilities, offering investors a truly passive ownership structure.
Built-In Rent Growth - The lease features 3.00% annual rent escalations throughout the initial term and option periods.
Tenant Funded Capital Improvements - The tenant is currently putting money into the building, underscoring their long-term commitment.
Strong Population Growth Trends - Lake Wales population has increased by approx. 17% since 2020, supporting continued economic expansion.
Strategic Central FL Location - The city is located within Polk County, one of Florida's fastest growing counties with easy access to Orlando & Tampa.
Cap Rate: 6.25 %
Cade Krauss 214-550-0877 Matthews Real Estate Investment Services
Cade Krauss 214-550-0877 Matthews Real Estate Investment Services