Abs NNN Urgent Care | 3% Bumps | Hosp Adjcnt 1204 Carlton Ave 2,732 SF Office Building Lake Wales, FL 33853 $1,703,022 CAD ($623.36 CAD/SF) 7% Cap Rate

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.