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Hospital-Adjacent Medical Center
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1204 Carlton Ave, Lake Wales, FL 33853

Medical center leased under an absolute NNN structure with annual rent escalations and direct proximity to a hospital.

Property Size2,732 SF
Days on Market141

Property Features for 1204 Carlton Ave

General Information

Standard status Active
Size 2,732 SF
Property subtype Commercial
Lease Term ±7.65 Yrs

Building Details

Building Size 2,732 SF
Listed By: Jake Allen · License #License No. 3558421 (FL)
Source: Matthews
Added: Apr 24 Changed: Sep 9 Last Checked: Sep 11 at 4:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jake Allen

Investment Insights

Based on property information with market context.

This 2,732-square-foot medical center at 1204 Carlton Ave in Lake Wales, Florida, was built in 1953 and is operated as an urgent care facility. The property is leased to Swift Care Urgent Care under an 8-year agreement structured as absolute NNN, placing maintenance, taxes, insurance, and capital expenditures with the tenant.

The site is adjacent to AdventHealth Lake Wales Medical Center, providing direct proximity to an established hospital campus. Lease economics include 3% annual rent escalations. Lake Wales has approved more than 20,000 new residential units, with those projects projected to add over 42,000 residents over the coming years.

Key Highlights

  • 2,732‑square‑foot medical center at 1204 Carlton Ave, Lake Wales, FL 33853
  • Operated as Swift Care Urgent Care
  • 8‑year absolute NNN lease

Property Analytics

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Current Use

Florida Joint & Spine ... Medical Clinic Dr. Ponnavolud D. ... Physician Specialty Orthopedic Associates Physician Sonni Ashok MD Physician

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Spa & Massage Center HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

515
Businesses Nearby

Demographics for 33853, FL

12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
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Frequently Asked Questions

What type of property is this?
Medical center - Medical center leased under an absolute NNN structure with annual rent escalations and direct proximity to a hospital.
Where is this medical center located?
The property is located at 1204 Carlton Ave Lake Wales, FL.
What are key features of this property?
This property features: 2,732‑square‑foot medical center at 1204 Carlton Ave, Lake Wales, FL 33853; Operated as Swift Care Urgent Care; 8‑year absolute NNN lease
More about this property
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