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Shopping Strip

Vero Beach Square

5135 20th St, Vero Beach, FL 32966

Listing Price: $6,300,000

Cap Rate
6.28%
Gross SF
11,480
Rentable SF
11,480
Price/Gross SF
$548.78
Lot Size
2.18 acres
Year Built
2019

Investment Overview

Marcus & Millichap is proud to present for sale, Vero Beach Square, a 100 percent occupied eastern Florida strip located on high traffic retail corridor in Vero Beach, Florida.

Investment Highlights

  • 100% Occupied Eastern Florida Strip Located on High Traffic Vero Retail Corridor
  • All Tenants Have Aggressive Base Rental Increases and NNN Leases with Additional Admin Fees Collected on CAM
  • The Property is Anchored by a Corporate Guaranteed Corner Drive-Thru Dunkin', Jersey Mike's Subs and Corporate Elite Hearing Centers of America
  • Vero Beach Square Sits on 20th Street (SR-60) which is the Main East-West Retail Corridor in Vero Beach with Access On and Off I-95, and an Average Daily Traffic Count of Over 32,500 Cars
  • The Center Sits on and Oversized Lot of Over 2 Acres With an Above Average Parking Ratio of 9.4 Spaces Per 1,000 Square Feet
  • Surrounding National Retailers Include Super Walmart, Sam's Club, Home Depot, CVS, McDonald's, Publix Supermarket, Target and Many More
  • The Average Household Income within 3 Miles is Over $90,000 and There Are 43,456 People Living Within the Same Distance from the Subject Property

Exclusively Listed By

Financing By

Shopping Strip

Vero Beach Square

Listing Price: $6,300,000

Cap Rate
6.28%
Gross SF
11,480
Rentable SF
11,480
Price/Gross SF
$548.78
Lot Size
2.18 acres
Year Built
2019

Investment Highlights

  • 100% Occupied Eastern Florida Strip Located on High Traffic Vero Retail Corridor
  • All Tenants Have Aggressive Base Rental Increases and NNN Leases with Additional Admin Fees Collected on CAM
  • The Property is Anchored by a Corporate Guaranteed Corner Drive-Thru Dunkin', Jersey Mike's Subs and Corporate Elite Hearing Centers of America
  • Vero Beach Square Sits on 20th Street (SR-60) which is the Main East-West Retail Corridor in Vero Beach with Access On and Off I-95, and an Average Daily Traffic Count of Over 32,500 Cars
  • The Center Sits on and Oversized Lot of Over 2 Acres With an Above Average Parking Ratio of 9.4 Spaces Per 1,000 Square Feet
  • Surrounding National Retailers Include Super Walmart, Sam's Club, Home Depot, CVS, McDonald's, Publix Supermarket, Target and Many More
  • The Average Household Income within 3 Miles is Over $90,000 and There Are 43,456 People Living Within the Same Distance from the Subject Property

Investment Overview

Marcus & Millichap is proud to present for sale, Vero Beach Square, a 100 percent occupied eastern Florida strip located on high traffic retail corridor in Vero Beach, Florida.

Exclusively Listed By

Financing By

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