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1204 Carlton Ave, Lake Wales, FL, 33853

Swift Care Urgent Care Center
$1,177,963

Key Information

Cap Rate
7.25%
$ per SF
$431
Tot. SF
2,732
Term Remaining
±7.65 Yrs
Type
Healthcare

Highlights

  • Reliable Inflation Hedge Through Annual Increases: The lease features 3% annual rent escalations—above market average—offering investors predictable income growth and a dependable hedge against inflation throughout the term.
  • Long-Term Lease Stability: A recently executed ±8-year lease demonstrates the tenant’s long-term commitment to the location, reducing near-term rollover risk and supporting operational continuity as the practice builds its local presence.
  • Passive, Expense-Free Ownership: Structured as an Absolute NNN lease, the tenant is responsible for all expenses, providing investors—especially out-of-state buyers—with a truly passive, low-maintenance income stream.

Location Highlights

  • Explosive Population Growth Driving Service Demand: Lake Wales is poised for significant expansion, with over 20,660 new residential units approved—projected to add approximately 42,750 residents over the next decade. This growth is expected to substantially increase demand for healthcare services in the immediate trade area.
  • Strategic Hospital-Adjacent Location: Positioned directly adjacent to AdventHealth Lake Wales Medical Center, the property offers enhanced appeal to medical tenants seeking proximity to hospital infrastructure and complementary healthcare services.
  • Florida Market Fundamentals: As part of Florida—America’s third most populous and fastest-growing state—the property benefits from strong demographic trends, consistent in-migration, and tax advantages such as no state income tax, supporting both operational performance and long-term buyer demand.
  • Core Medical Corridor Positioning: Located within Lake Wales’ primary healthcare corridor, the site is surrounded by established medical users, promoting referral synergies, steady patient flow, and strong re-tenanting prospects.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203