Lake Wales US Hwy 27 Proposed Retail or Medical Development

$25 - 28 SF/yr (NNN) Lease Rate.

The subject property is a proposed retail development located along Ridge Way in Lake Wales, Florida. The development is planned to include two (2) freestanding retail buildings, approximately 8,250 ± square feet each, along with an additional 1 ± acre pad site available for future retail development. It is equipped with ample parking and multiple egress and ingress points. There are approximately 247 spaces provided onsite.

Ownership is currently offering one of the proposed 8,250 ± square foot retail building, which will be delivered in shell condition, allowing tenants the flexibility to customize the interior buildout to accommodate their specific business needs. The building can be leased to a single tenant or subdivided into multiple suites. Ideal users include retail, restaurant, medical, or service-oriented users. Anticipated completion and delivery is Summer 2027.

Location Description

The subject property is located within a growing commercial area of Lake Wales, approximately 400 ± feet east of US Highway 27. The surrounding area is home to national retailers including Kohl's, Publix, Aldi, The Home Depot, Lowe's, Wawa, and many others.

US Highway 27 and State Road 60 serve as two of the area's primary transportation corridors, providing convenient access throughout Central Florida and the rest of the state. The intersection of US Highway 27 and State Road 60 is located approximately 5 ± miles south of the property, while Downtown Lake Wales is approximately a 15 ± minute drive south.

One notable recently approved development nearby is Chick-fil-A. This development continues to demonstrate the growing interest major retailers and national restaurant chains have in the Lake Wales market. The restaurant is planned approximately 2,000 ± feet south of the property, adjacent to the Wawa convenience store.