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
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.

