2620-2644 SE Federal Hwy - Retail FOR SALE


Stuart, FL 34994
$8,400,000 USD
407-451-9182
2620-2644 SE Federal Hwy, Stuart, FL for Sale
$8,400,000 USD
Retail - FOR SALE
1/21
null | 5.89% Cap Rate

2620-2644 SE Federal Hwy
Stuart, FL 34994


HIGHLIGHTS

  • 100% Occupied Multi-Tenant Retail Asset With 16,000+ SF Retail Building On 2.64 Acres
  • Long-Term, Fully Triple-Net Leases; Provides Protection Against Inlation And Rising Expenses
  • Strategically Located On Major Artery of Stuart, FL - Federal Hwy, With High Volume Trafic 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
  • Afluent Area With Average Household Income of $108,000+ And Average Retail Expenditure of $68,000+

OVERVIEW

Marcus and Millichap is pleased to present Baron Shoppes for sale, located in Stuart, Florida. This Neighborhood Center sits on a 2.64- 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 beneits from a population of over 48,000 within a 3-mile radius and over 101,000 population within a 5-mile radius.

FOR SALE DETAILS

PRICE

$8,400,000 USD

PRICE/SF

$515 USD /SF

CAP RATE

5.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

194

LAND DETAILS

LAND ACRES

2.64 AC

LAND SF

114,998 SF

ZONING

B2

APN/PARCEL ID

15-38-41-000-000-00242-0

ASK ABOUT THIS PROPERTY

Shujan ValianiMarcus & MillichapMore Info
407-451-9182

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Shujan ValianiMarcus & MillichapMore Info
407-451-9182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.