Listed by Matthews
$393,600
1117 BRYN MAWR AVE LAKE WALES FL 33853-4333
Details
APN 283006939400006040
Property Type Mixed Use
Square Footage 984
Units 1
Cap Rate 6.25%
NOI $24,600
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options (2) 5-Year
Year Renovated 2026
Stories 1
Acreage 0.250
Investment Type Net Lease
Lease Commencement 06/01/2026
Ground Lease No
Low-Price Point I New 5-Year Lease I 3.00% Annual Increases
Investment highlights
- Recently Executed Five Year Lease - The tenant, Massage Lake Wales, a well-established business within the local community, executed a new five-year lease on June 1, 2026.
- Absolute NNN Lease Structure - The property is leased on an absolute NNN basis, offering investors a truly passive ownership structure. The tenant is responsible for all real estate taxes, insurance, repairs and maintenance, and operating expenses, resulting in zero landlord responsibilities.
- Built-In Rent Growth - The lease features 3.00% annual rent escalations, providing investors with predictable income growth and a hedge against inflation over the initial lease term and option periods.
- Tenant Funded Capital Improvements - The tenant is currently completing significant capital improvements to the property at its own expense, underscoring its commitment to the site and enhancing the long-term viability of the location.
- Strong Population Growth Trends - Lake Wales continues to benefit from the broader in-migration trends occurring throughout Central Florida. The city's population has increased by approximately 17% since 2020, supporting long-term demand fundamentals and continued economic expansion.
- Strategic Central Florida Location - Lake Wales is located within Polk County, one of Florida's fastest-growing counties, and offers convenient access to the major employment centers of Orlando and Tampa via U.S. Highway 27 and State Road 60. The area's central location supports continued residential and commercial growth throughout the region.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,600.00
$2,050.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
PF MixedMixed UseProfessional
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View all 86 uses
View all 86 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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