400-484 State Road 436
Casselberry, FL 32707
Greater Mall · Retail Property For Sale

Crossman & Company and Ten-X Commercial are pleased to offer the exceptional opportunity to acquire the 100% fee simple interest in Greater Mall (GM), a 52,855 SF grocery shadow-anchored office/retail center located in Casselberry, FL (Orlando MSA). Greater Mall is adjacent to the new 13,000 sq. ft. Bravo Supermarkets, effectively shadow anchor for the ground floor retail at Greater Mall. Greater Mall is highly visible on a Metro Orlando primary commercial thoroughfare (State Road 436 / Semoran Blvd.). State Road 436 extends from Orlando International Airport through Orange, Seminole and Lake Counties. It connects Casselberry to the adjacent cities of Winter Park and Altamonte Springs, and to US Hwy 17-92 (major north-south artery, 1 mile), Interstate-4 (5 minutes) and beyond. This densely populated submarket provides the customer base for the retailers and office tenants at Greater Mall. Greater Mall is currently 70% occupied, providing a deep value-add opportunity via new leasing as well as increasing current below-market rents as leases expire and month-to-month tenants renew. Current primarily modified gross leases present an additional opportunity for new ownership to convert to market-standard NNN leases. Greater Mall may be purchased as a single asset acquisition or as a portfolio including the nearby 30,000 square foot Summit Plaza office/retail income property and adjacent new Wawa NNN ground lease.