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Griffin Farm at Midtown 211-245 Wheelhouse Ln 125,131 SF 100% Leased 4-Star Retail Building Lake Mary, FL 32746 For Sale

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INVESTMENT HIGHLIGHTS

  • Griffin Farm at Midtown is a 98.7% occupied shopping center comprised of 32 tenants across 125,131 SF of retail space
  • 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
  • 65,739 population within a 3-mile radius
  • The property was constructed in multiple phases in 2018 and 2019, reducing the likelihood of capital repairs or expenses necessary
  • 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
  • $126,698 average household income within a 3-mile radius

EXECUTIVE SUMMARY

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 6.39 years, and located just 1.5 miles east of I-4, the major tourism interstate in Florida, connecting Tampa, Orlando, Lakeland, and Daytona Beach.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
125,131 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2019
NOI
$3,135,144
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
6.95 AC
Zoning
PUD - PUD - Planned Unit Development (Seminole County)
Parking
197 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
274’ on Wheelhouse Lane

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

9Round
Crunch Fitness
First Watch
Orangetheory Fitness
Planet Fitness
Ameris Bank
Fairwinds Credit Union
BurgerFi
Bubbakoo's Burritos
Steak ‘n Shake

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-20-30-513-0000-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,307,755
  • Listing ID: 35237487

  • Date on Market: 3/24/2025

  • Last Updated:

  • Address: 211-245 Wheelhouse Ln, Lake Mary, FL 32746

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