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Lake Wales Plaza 600-740 State Road 60 W 100,113 SF 89% Leased Retail Building Lake Wales, FL 33853 $16,568,037 CAD ($165.49 CAD/SF) 9% Cap Rate
Investment Highlights
- 100,837 RSF Plaza | 95.70% Occupied | One Parcel 13 Acres
- Diverse Tenant Mix Including AAA Credit Government Tenants, Regional Retailers and Medical Tenants
- Priced at $123.26/SF -Substantially Below Replacement Cost
- Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
- Value-Add Upside Through Vacancy Lease-Up, Below Market Rents and Potential Outparcels (See Page 8)
- Direct Frontage & Monument Signage Along State Road 60 (AADT 28,000)
Executive Summary
The property's diverse tenant mix includes, AAA Credit Government Tenants, Regional Retailers and Medical Tenants, generates strong consumer traffic.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
100,113 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$16,568,037 CAD
Price Per SF
$165.49 CAD
Cap Rate
9%
NOI
$1,491,123 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
15.10 AC
Zoning
C-3 - Regional Commercial
Parking
354 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Save-A-Lot
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Save-A-Lot | - | 99,999 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 622
- 900 SF
- Retail
- In-Line
- Now
- 686
- 1,912 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 612-614 | 3,956 SF | Retail | In-Line | Now |
| 618 | 1,360 SF | Retail | In-Line | Now |
| 622 | 900 SF | Retail | In-Line | Now |
| 668 | 1,874 SF | Retail | In-Line | Now |
| 686 | 1,912 SF | Retail | In-Line | Now |
| 692 | 1,545 SF | Retail | In-Line | Now |
612-614
| Size |
| 3,956 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
618
| Size |
| 1,360 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
622
| Size |
| 900 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
668
| Size |
| 1,874 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
686
| Size |
| 1,912 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
692
| Size |
| 1,545 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
612-614
| Size | 3,956 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
618
| Size | 1,360 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
668
| Size | 1,874 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
692
| Size | 1,545 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-30-03-000000-014100 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $4,268,985 CAD (2025) |
Property Taxes
Parcel Number
27-30-03-000000-014100
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$4,268,985 CAD (2025)
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lake Wales Plaza | 600-740 State Road 60 W
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