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1117 Bryn Mawr Ave
Lake Wales, FL 33853
Massage Lake Wales · Office Property For Sale
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
$393,600
Price Per SF
$400
Cap Rate
6.25%
NOI
$24,600
Tenancy
Single
Building Height
1 Story
Typical Floor Size
984 SF
Building FAR
0.09
Lot Size
0.25 AC
Zoning
C - Commercial
Property Taxes
| Parcel Number | 28-30-06-939400-006031 | Improvements Assessment | $90,959 |
| Land Assessment | $60,423 | Total Assessment | $151,382 |
Property Taxes
Parcel Number
28-30-06-939400-006031
Land Assessment
$60,423
Improvements Assessment
$90,959
Total Assessment
$151,382
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