740 State Road 60 W
Lake Wales, FL 33853
EL RANCHITO MEXICAN RESTAURANT at Lake Wales · Retail Property For Sale

Introducing EL RANCHITO MEXICAN RESTAURANT OUTPARCEL, a prime investment opportunity located at 740 East State Road 60 in Lake Wales, Florida. The property features a well-established tenant, El Ranchito Mexican Restaurant, offering authentic Mexican cuisine and full-service dining for 115 guests. Situated in a bustling area with notable landmarks like Bok Tower Gardens, this property benefits from a high-traffic location with 28,000 AADT on SR 60. The region is undergoing significant development with the construction of a new $45 million six-lane bridge, enhancing accessibility and driving future growth. Florida's thriving pro-business environment, coupled with the state's tourism appeal drawing over 143 million visitors annually, underscores the investment potential of this property. With a stable lease in place until 2030 and a 7% cap rate, EL RANCHITO MEXICAN RESTAURANT OUTPARCEL presents a lucrative opportunity for investors seeking a secure income stream in a dynamic market.