TCII is proud to announce the recent assignment to manage and lease Grove Park Center a 120,150 SF shopping center anchored by Publix, CVS, and Dollar Tree located at 1617 US-98, Lakeland, FL .
PREMIER PUBLIX-ANCHORED NEIGHBORHOOD CENTER
• Anchored by Publix, Florida’s dominant grocer
• Publix has operated at the center since 1960!
• A new store was constructed for Publix in 2019 under a 20-year term that expires in 2039
• This Publix is a high performing store with 2024 sales of approximately $800 psf which are up 18% since 2021
CENTRAL & ACCESSIBLE LOCATION
• Over 785 feet of unobstructed frontage along Bartow Road, a major commercial artery for Lakeland (50K VPD)
• Convenient access with a median cut along Bartow Road and a traffic light at the intersection with S. Crystal Lake Drive
• Located just 2.0 miles southeast of Downtown Lakeland
• Situated 1.0 mile east of Florida Southern College and 0.5 miles west of Southeastern University
STRONG TENANT MIX
• Diverse anchor line-up led by Publix, CVS, Dollar Tree and Humanitary Medical Center
• CVS has an endcap location with 2 drive thru lanes and generates strong sales of $13.1M ($1,028 psf) in 2024
• Long history of stability and success with Publix (LCD in 1960), CVS (LCD in 1960) and Dollar Tree (LCD in 1999) having operated at the center for decades and an average tenure of +10 years for the shop tenants
• National tenants account for 78% of GLA
