Shopping Strip
LAKE WALES PLAZA
650 State Rd 60, Lake Wales, FL 33853
Listing Price: $11,150,000
Cap Rate
7.00%
Rentable SF
97,800
Lot Size
14.69 acres
Year Built
1979
Investment Overview
Property’s Diverse Tenant Mix Generates Strong Consumer Traffic
LAKE WALES PLAZA
Investment Highlights
- 97,800 RSF Plaza | 87% Occupied | One Parcel 14.69 Acres
- Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
- Diverse Tenant Mix Includes Tax Collector of Polk County
- Very Stable and Reliable Cash-Flow | 26% of GLA Leased to AAA Credit Government Tenants and 22% Leased to Regional and Medical Tenants
- Value-Add Upside Through Vacancy Lease-Up, Below Market Rents and Potential Outparcels
- Priced Substantially Below Replacement Cost ($114/SF)
- Direct Frontage & Monument Signage Along State Road 60 | AADT 28,000
- Multiple Access Points from State Road 60
Exclusively Listed By
Financing By
Listing Price: $11,150,000
Cap Rate
7.00%
Rentable SF
97,800
Lot Size
14.69 acres
Year Built
1979
Investment Highlights
- 97,800 RSF Plaza | 87% Occupied | One Parcel 14.69 Acres
- Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
- Diverse Tenant Mix Includes Tax Collector of Polk County
- Very Stable and Reliable Cash-Flow | 26% of GLA Leased to AAA Credit Government Tenants and 22% Leased to Regional and Medical Tenants
- Value-Add Upside Through Vacancy Lease-Up, Below Market Rents and Potential Outparcels
- Priced Substantially Below Replacement Cost ($114/SF)
- Direct Frontage & Monument Signage Along State Road 60 | AADT 28,000
- Multiple Access Points from State Road 60
Investment Overview
Property’s Diverse Tenant Mix Generates Strong Consumer Traffic
Exclusively Listed By
Financing By
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