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1204 Carlton Ave
Lake Wales, FL 33853
Abs NNN Urgent Care | 3% Bumps | Hosp Adjcnt · Office Property For Sale
Investment Highlights
- Reliable Inflation Hedge Through Annual Increases: The lease features 3% annual rent escalations offering predictable increase in rental income
- Passive, Expense-Free Ownership: Structured as an Absolute NNN lease, the tenant is responsible for all expenses, providing investors passive income
- Strategic Hospital-Adjacent Location: Positioned directly adjacent to AdventHealth Lake Wales Medical Center, the property offers enhanced appeal
- Long-Term Lease Stability: A recently executed ±8-year lease demonstrates the tenant’s long-term commitment to the location
- Explosive Population Growth Driving Service Demand: Lake Wales is poised for significant expansion, with over 20,660 new residential units approved
- Florida Market Fundamentals: As part of Florida—America’s third most populous and fastest-growing state—the property benefits from strong demographics
Property Facts
Property Type
Office
Property Subtype
Building Size
2,732 SF
Building Class
B
Year Built/Renovated
1953/2025
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,732 SF
Building FAR
0.18
Lot Size
0.35 AC
Zoning
C2 - Professional Office/Commercial
Parking
16 Spaces (5.86 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 28-30-06-939400-002210 | Improvements Assessment | $244,646 |
| Land Assessment | $67,901 | Total Assessment | $312,547 |
Property Taxes
Parcel Number
28-30-06-939400-002210
Land Assessment
$67,901
Improvements Assessment
$244,646
Total Assessment
$312,547
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