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LAKE WALES PLAZA 600-740 State Road 60 W

100,461 SF 83% Leased Retail Building Lake Wales, FL 33853 $13,993,680 CAD ($139 CAD/SF) 7.95% Cap Rate

Mixed Use Properties Florida Lake Wales 600-740 State Road 60 W, Lake Wales, FL 33853

Investment Highlights

  • 100,806 RSF Plaza | 85% Occupied | One Parcel 14.69 Acres
  • Diverse Tenant Mix Includes Tax Collector of Polk County
  • Priced Substantially Below Replacement Cost ($106/SF)
  • Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
  • Very Stable and Reliable Cash-Flow | High Percentage of Rent Coming From Credit Tenants
  • Direct Frontage & Monument Signage Along State Road 60 | AADT 28,000

Executive Summary

This 98,364 SF plaza is a prime investment opportunity with stable and reliable cash-flows, strong national tenants, direct frontage and monument signage, multiple access points and abundant parking.

Attachments

Marcus & Millichap Flyer

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
100,461 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$13,993,680 CAD
Price Per SF
$139 CAD
Cap Rate
7.95%
NOI
$1,112,462 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
15.10 AC
Zoning
C-3 - Regional Commercial
Parking
354 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
1,467 ft on LW Plaza

Amenities

  • Pylon Sign
  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 612
  • 3,956 SF
  • Retail
  • In-Line
  • Now
  • 618
  • 2,269 SF
  • Retail
  • In-Line
  • 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

  • 620
  • 3,000-12,225 SF
  • Retail
  • In-Line
  • Now
  • 622
  • 900 SF
  • Retail
  • In-Line
  • Now
  • 624
  • 2,100 SF
  • Retail
  • In-Line
  • 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

  • 730
  • 21,000 SF
  • Retail
  • End Cap
  • 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

Space Size Space Use Position Available
612 3,956 SF Retail In-Line Now
618 2,269 SF Retail In-Line 30 Days
620 3,000-12,225 SF Retail In-Line Now
622 900 SF Retail In-Line Now
624 2,100 SF Retail In-Line 30 Days
730 21,000 SF Retail End Cap 30 Days

612

Size
3,956 SF
Space Use
Retail
Position
In-Line
Available
Now

618

Size
2,269 SF
Space Use
Retail
Position
In-Line
Available
30 Days

620

Size
3,000-12,225 SF
Space Use
Retail
Position
In-Line
Available
Now

622

Size
900 SF
Space Use
Retail
Position
In-Line
Available
Now

624

Size
2,100 SF
Space Use
Retail
Position
In-Line
Available
30 Days

730

Size
21,000 SF
Space Use
Retail
Position
End Cap
Available
30 Days

618

Size 2,269 SF
Space Use Retail
Position In-Line
Available 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

624

Size 2,100 SF
Space Use Retail
Position In-Line
Available 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

730

Size 21,000 SF
Space Use Retail
Position End Cap
Available 30 Days

Strong Retail Corner Ample Parking Located at the NW Corner of S.R. 60 & U.S. 27 1 Mile from Municipal Airport 1 Acre & 4.32 Acre Outparcels Available for Sale

Links

1 of 1

PROPERTY TAXES

Parcel Number 27-30-03-000000-014100 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $3,592,557 CAD

PROPERTY TAXES

Parcel Number
27-30-03-000000-014100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,592,557 CAD
(407) 557-3829

  • Listing ID: 32917450

  • Date on Market: 2024-08-22

  • Last Updated:

  • Address: 600-740 State Road 60 W, Lake Wales, FL 33853

The Retail Property at 600-740 State Road 60 W, Lake Wales, FL 33853 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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600-740 State Road 60 W, Lake Wales, FL for sale Site Plan- Image 4 of 5
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LAKE WALES PLAZA | 600-740 State Road 60 W
(407) 557-3829 x

LAKE WALES PLAZA | 600-740 State Road 60 W

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David Vaughan

(407) 557-3829

(407) 557-3829

Ray Turchi

(407) 557-3847

(407) 557-3847

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