3240 S Florida Ave - Medical FOR SALE


Lakeland, FL 33803- City of Lakeland
$7,104,000 USD
866-889-0550
3240 S Florida Ave, Lakeland, FL for Sale
$7,104,000 USD
Medical - FOR SALE
1/3
null | 6.25% Cap Rate

3240 S Florida Ave
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • CORPORATE SECURITY
  • MULTI-SPECIALTY DIVERSIFICATION
  • LONG STANDING PRESENCE
  • NEW 2024 METAL ROOF
  • “HANDS-OFF” INVESTMENT
  • LONG TERM LEASE WITH ANNUAL INCREASES

OVERVIEW

Matthews Real Estate Investment Services™ is pleased to present a premier net lease medical investment in Lakeland, Florida, backed by InnovaCare US, LP, a private equity-backed, multi-state healthcare operator with approximately 50 locations. Home to Trinity Medical Group, Owl Now Urgent Care, and Lakeland Spine Center, this multi-specialty facility offers primary care, urgent care, imaging, chiropractic, and pain management services, ensuring strong patient demand. With an average operational history of over 20 years, these practices are well-established pillars of the community, reinforcing tenant stability. Positioned in a high-growth Florida market, Lakeland has seen 23.5% population growth over the past decade, with an additional 5.1% projected increase in the next five years, driving demand for healthcare services. The property sits less than 10 minutes from downtown along South Florida Ave., with 40,000 vehicles per day, benefiting from strong visibility and proximity to Walmart, Publix, and other national retailers. The area’s logistics and manufacturing presence, along with world-class medical facilities, further solidify its economic strength. This passive, triple-net (NNN) investment offers long-term security, with the tenant handling all maintenance, taxes and insurance, the newly executed 10-year lease demonstrates strong tenant commitment, while the 3% annual rental increases provide a built-in hedge against inflation, ensuring a growing income stream for investors.

FOR SALE DETAILS

PRICE

$7,104,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trinity Medical Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

24-28-31-262000-001010

ASK ABOUT THIS PROPERTY

Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.