727-452-6864
211-245 Wheelhouse Ln, Lake Mary, FL for Sale
Retail - FOR SALE
1/6
null | Request Cap Rate

211-245 Wheelhouse Ln
Lake Mary, FL 32746


HIGHLIGHTS

  • Griffin Farm at Midtown is a 98.7% occupied shopping center comprised of 32 tenants across 125,131 SF of retail space
  • The property was constructed in multiple phases in 2018 and 2019, reducing the likelihood of capital repairs or expenses necessary
  • The asset is located on the southwest corner of the signalized intersection of Longwood Lake Mary Rd and W Lake Mary Blvd in Lake Mary, FL
  • Positioned 1.5 miles east of I-4, Griffin Farm at Midtown is centrally located in the Lake Mary community, attracting a strong local consumer base
  • 65,739 population within a 3-mile radius
  • $126,698 average household income within a 3-mile radius

OVERVIEW

RIPCO Real Estate is pleased to offer for sale Griffin Farm at Midtown, a 125,131 SF commercial property located on the southwest corner of the signalized intersection of Longwood Lake Mary Rd and W Lake Mary Blvd in Lake Mary, FL. The property is 98.7% occupied, with a diverse mix of tenants, including major national retailers, restaurants, and entertainment venues. Griffin Farm is surrounded by luxury apartments, master-planned townhome communities, and mixed-use developments. Positioned 1.5 miles east of I-4, Griffin Farm at Midtown is centrally located in the Lake Mary community, drawing both local consumers and tourists alike. This intersection of Longwood Lake Mary Rd and W Lake Mary Blvd where the property is located has a combined AADT of 40,000. Within 3 miles of Griffin Farm at Midtown, there is a population of 65,739 and an average household income of $126,698.  The asset would be an attractive investment opportunity for investors looking for a luxury shopping center, positioned in the heart of an affluent submarket in Lake Mary, FL, occupied by a diverse tenant mix with a weighted average lease term (WALT) of 6.73 years, and located just 1.5 miles east of I-4, the major tourism interstate in Florida, connecting Tampa, Orlando, Lakeland, and Daytona Beach.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Griffin Farm at Midtown

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

197

LAND DETAILS

LAND ACRES

6.95 AC

LAND SF

302,742 SF

ZONING

PUD

APN/PARCEL ID

17-20-30-513-0000-0010

ASK ABOUT THIS PROPERTY

Ari RaviRipco Real EstateMore Info
727-452-6864

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Ari RaviRipco Real EstateMore Info
727-452-6864

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