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Massage Lake Wales 1117 Bryn Mawr Ave 984 SF Office Building Lake Wales, FL 33853 $558,392 CAD ($567.47 CAD/SF) 6.25% Cap Rate
Investment 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.
- Built-In Rent Growth - The lease features 3.00% annual rent escalations throughout the initial term and option periods.
- Strong Population Growth Trends - Lake Wales population has increased by approx. 17% since 2020, supporting continued economic expansion.
- Absolute NNN Lease - The lease features zero landlord responsibilities, offering investors a truly passive ownership structure.
- Tenant Funded Capital Improvements - The tenant is currently putting money into the building, underscoring their long-term commitment.
- Strategic Central FL Location - The city is located within Polk County, one of Florida's fastest growing counties with easy access to Orlando & Tampa.
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
984 SF
Building Class
B
Year Built/Renovated
1995/2026
Price
$558,392 CAD
Price Per SF
$567.47 CAD
Cap Rate
6.25%
NOI
$34,900 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
984 SF
Building FAR
0.09
Lot Size
0.25 AC
Zoning
C - Commercial
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
* Unit 1117 has 3 exam/procedure rooms to accommodate a range of medical specialties and or office users.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 984 SF | Medical | Full Build-Out | 120 Days |
1st Floor
| Size |
| 984 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| 120 Days |
1st Floor
| Size | 984 SF |
| Space Use | Medical |
| Build-Out | Full Build-Out |
| Available | 120 Days |
* Unit 1117 has 3 exam/procedure rooms to accommodate a range of medical specialties and or office users.
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 28-30-06-939400-006031 | Improvements Assessment | $129,367 CAD |
| Land Assessment | $85,937 CAD | Total Assessment | $215,305 CAD |
Property Taxes
Parcel Number
28-30-06-939400-006031
Land Assessment
$85,937 CAD
Improvements Assessment
$129,367 CAD
Total Assessment
$215,305 CAD
(214) 550-0877
x3259
Contacts
-
Cade Krauss -
Kevin McKenna -
Josh Bishop -
Matthews Real Estate Investment Services
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Massage Lake Wales | 1117 Bryn Mawr Ave
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