1204 Carlton Ave - Medical FOR SALE


Lake Wales, FL 33853
$1,220,000 USD
866-889-0550
1204 Carlton Ave, Lake Wales, FL for Sale
$1,220,000 USD
Medical - FOR SALE
1/3
null | 7% Cap Rate

1204 Carlton Ave
Lake Wales, FL 33853


HIGHLIGHTS

  • Reliable Inflation Hedge Through Annual Increases: The lease features 3% annual rent escalations—above market average—offering investors predictable i
  • Long-Term Lease Stability: A recently executed ±8-year lease demonstrates the tenant’s long-term commitment to the location, reducing near-term rollov
  • Passive, Expense-Free Ownership: Structured as an Absolute NNN lease, the tenant is responsible for all expenses, providing investors—especially out-o
  • Explosive Population Growth Driving Service Demand: Lake Wales is poised for significant expansion, with over 20,660 new residential units approved—pr
  • Strategic Hospital-Adjacent Location: Positioned directly adjacent to AdventHealth Lake Wales Medical Center, the property offers enhanced appeal to m
  • Florida Market Fundamentals: As part of Florida—America’s third most populous and fastest-growing state—the property benefits from strong demographic

OVERVIEW

Matthews Real Estate Investment Services is pleased to present the opportunity to acquire an absolute triple-net (NNN) urgent care investment located in the heart of Lake Wales, Florida. This offering is backed by Swift Care Urgent Care, a local healthcare operator. The newly executed 8-year lease reflects the tenant’s strong long-term commitment and investment in establishing a presence within the rapidly growing Lake Wales community. Strategically located adjacent to AdventHealth Lake Wales Medical Center, the property benefits from direct hospital proximity, strengthening its re-tenantability and long-term appeal to medical users. The site is positioned to serve a rapidly expanding population, with the city of Lake Wales having approved over 20,000 new residential units, projected to bring more than 42,000 new residents over the coming years. Swift Care’s entry into the market aligns with the strong momentum in the $48.5 billion urgent care industry, which continues to grow as patients seek more accessible and cost-effective alternatives to emergency rooms. This shift in healthcare demand has made urgent care centers a central piece of the modern medical delivery system—especially in underserved, high-growth areas like Lake Wales. This hands-off investment features an absolute NNN lease, with the tenant responsible for all expenses including maintenance, taxes, insurance, and capital expenditures. The lease also includes rare 3% annual rent escalations, providing investors with a reliable hedge against inflation and a steadily growing income stream throughout the term. With its combination of a new medical facility, hospital-adjacent location, strong demographic tailwinds, and fully passive lease structure, this offering provides an excellent opportunity for investors seeking stable, long-term cash flow in one of Florida’s fastest-growing markets.

FOR SALE DETAILS

PRICE

$1,220,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abs NNN Urgent Care | 3% Bumps | Hosp Adjcnt

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Fast Food, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

28-30-06-939400-002210

ASK ABOUT THIS PROPERTY

Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.