650 Florida 60, Lake Wales, FL 33853

Lake Wales Plaza at 650 E State Road 60, Lake Wales, FL 33853 is a compelling opportunity to acquire a high-visibility, grocery-anchored retail center in the heart of Central Florida. This 100,837-square-foot plaza sits on 13 acres and is 95.9% occupied, offering immediate cash flow with strong in-place income and an attractive 8.0% cap rate. Anchored by Save-A-Lot, a long-term tenant since 1998, the property features a diverse mix of daily-needs retailers, medical users, service providers, educational uses, and government tenants including the Polk County Tax Collector, Florida Department of Corrections, and Department of Children & Families. This stable tenancy creates dependable traffic and broad consumer draw. Positioned directly on State Road 60 with approximately 28,000 vehicles per day and just off US 27 with 42,500 AADT, the center benefits from exceptional frontage, monument signage, multiple access points, and ample parking with a 4.3/1,000 ratio. Investors also gain upside through leasing remaining vacancy, capturing below-market rents, and exploring potential outparcel opportunities. Offered below replacement cost, Lake Wales Plaza combines durable income, value-add potential, and prime regional connectivity in a fast-growing Florida market.