3530 US Highway 98 N
Lakeland, FL 33809
The Grove At Lakeland Square · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Whitaker Leonhardt to schedule at wleonhardt@hfflp.com or 407-745-3916. Investment Highlights: ñ54,434 SF retail shopping center on 4.69 AC 100% occupied and anchored by Chuck E. Cheese's and Wildwood Antique Mall Centrally located in healthy Lakeland MSA Extended trade area with strong momentum Located adjacent to Lowe's (not included in offering) at the entrance of Lakeland Square Mall Prominent location within a strong retail corridor Convenient location with easy access at the first signalized intersection north of Interstate-4 Investment Overview: The Groves is a 100% occupied shopping center located at 3530 US Highway 98 N in Lakeland, FL. Built in 1988, The Property contains two retail units totaling ñ54,434 SF and sits on a ñ4.69 AC parcel with 229 parking spaces (4.21 spaces per every 1,000 SF). The Property offers investors the opportunity to own a stabilized retail center within a heavy retail corridor in the rapidly growing and developing Lakeland-Winter Haven MSA. The Groves is anchored by Chuck E. Cheese's and Wildwood Antique Mall. Chuck E. Cheese's occupies 19.2% of GLA (ñ10,440 SF), h Cheese's occupies 19.2% of GLA (ñ10,440 SF), has been a tenant at The Groves since 2003, and recently extended their lease for 10 years through February 2026 with two additional 5-year renewal options remaining. Please see the offering memorandum/DD vault for tenant sales. This location captures a ñ10 mile drawing radius, with the nearest locations ñ23 miles southwest in Brandon, ñ25 miles northwest in Wesley Chapel, and ñ39 miles northeast in Orlando. Wildwood Antique Mall, occupies 80.8% of GLA (ñ43,994 SF), and recently signed a 10-year lease through September 2026 with one additional 10-year renewal option remaining. Wildwood Antique Mall is a rapidly expanding antique mall operator in Florida, whom opened at The Groves in July 2016 with its 4th retail location (5th retail location in Vero Beach opening soon) and Lakeland is the highest revenue-generating and most profitable of the 4 locations. In this Lakeland location, Wildwood Antique Mall is the master landlord and has over 300 rental areas, with 98 percent occupancy, subleased to individual small business operators that sell primarily antiques, collectibles, memorabilia, and other related items. The owner estimates that th