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Shopping Strip

Class A Unanchored Strip Center | Long-Term NNN Leases, 100% Occ | Stuart, FL

2620 SE Federal Hwy, Stuart, FL 34994

Listing Price: $8,400,000

Cap Rate
5.89%
Gross SF
16,500
Rentable SF
16,316
Price/Gross SF
$509.09
Lot Size
2.64 acres
Year Built
2018

Investment Overview

Marcus and Millichap is pleased to present Baron Shoppes for sale, located in Stuart, Florida. This Neighborhood Center sits on a 2.24-acre lot and was built in 2018. It o?ers a gross leasable area of 16,316 square feet. Investors would benefit from long-term triple-net leases, ensuring long-term stability and high occupancy rates. The property enjoys great visibility from SE Federal Hwy, with over 40,000 views per day. It benefits from a population of over 48,000 within a 3-mile radius and over101,000 population within a 5-mile radius.

Investment Highlights

  • 100% Occupied Multi-Tenant Retail Asset With 16,000+ SF Retail Building On 2.24 Acres
  • Long-Term, Fully Triple-Net Leases; Provides Protection Against Inflation And Rising Expenses
  • Strategically Located On Major Artery of Stuart, FL - Federal Hwy, With High Volume Traffic Counts of Over 40k Vehicles Per Day
  • Located In Densely Populated Area With A Population of 48k Within 3-Mile Radius; 101k+ Within 5-Mile Radius
  • Affluent Area With Average Household Income of $108,000+ And Average Retail Expenditure of $68,000+

Exclusively Listed By

Shopping Strip

Class A Unanchored Strip Center | Long-Term NNN Leases, 100% Occ | Stuart, FL

Listing Price: $8,400,000

Cap Rate
5.89%
Gross SF
16,500
Rentable SF
16,316
Price/Gross SF
$509.09
Lot Size
2.64 acres
Year Built
2018

Investment Highlights

  • 100% Occupied Multi-Tenant Retail Asset With 16,000+ SF Retail Building On 2.24 Acres
  • Long-Term, Fully Triple-Net Leases; Provides Protection Against Inflation And Rising Expenses
  • Strategically Located On Major Artery of Stuart, FL - Federal Hwy, With High Volume Traffic Counts of Over 40k Vehicles Per Day
  • Located In Densely Populated Area With A Population of 48k Within 3-Mile Radius; 101k+ Within 5-Mile Radius
  • Affluent Area With Average Household Income of $108,000+ And Average Retail Expenditure of $68,000+

Investment Overview

Marcus and Millichap is pleased to present Baron Shoppes for sale, located in Stuart, Florida. This Neighborhood Center sits on a 2.24-acre lot and was built in 2018. It o?ers a gross leasable area of 16,316 square feet. Investors would benefit from long-term triple-net leases, ensuring long-term stability and high occupancy rates. The property enjoys great visibility from SE Federal Hwy, with over 40,000 views per day. It benefits from a population of over 48,000 within a 3-mile radius and over101,000 population within a 5-mile radius.

Exclusively Listed By

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