1117 Bryn Mawr Ave - Medical FOR SALE
Lake Wales, FL 33853 |
$393,600 USD
214-550-0877
1117 Bryn Mawr Ave
Lake Wales, FL 33853
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.
FOR SALE DETAILS
PRICE
$393,600 USD
PRICE/SF
$400 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Massage Lake Wales
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.25 AC
LAND SF
10,890 SF
ZONING
C
APN/PARCEL ID
28-30-06-939400-006031
ASK ABOUT THIS PROPERTY
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214-550-0877
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214-550-0877
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