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Boston Market Net Leased Property For Sale
1775 US Highway 1, Vero Beach, FL 32960
Overview of Florida Retail Property For Sale
- Price:
- $2,000,000
- Building Size:
- 3,052 SF
- Price/SF:
- $655.31
- Property Type:
- Retail
- Property Sub-type:
- Free Standing Building
- Property Use Type:
- Net Lease Investment with 8 years left on lease
- Cap Rate:
- 5.25%
- Occupancy:
- 100%
- Tenancy:
- Single
- Year Built:
- 1996
- Lot Size:
- 0.66 AC
- Highlights of Investment Property
- Boston Market has operated at this location since 1996.
- Currently in their first two renewal periods.
- Strong Traffic Counts of 43,500 vehicles per day on U.S. 1.
- Boston Market operates 475 restaurants in 25 States.
- No Income Tax State.
- Primary Information for Vero Beach Investment Property
This Boston Market is located at the southwest corner of the intersection of US Highway 1 and 18th Street in Vero Beach, Florida. The immediate area is a strong retail corridor with recent traffic counts on US Highway 1 average 43,500 vehicles per day. There are several other retailers in close proximity including Alberton’ s, CVS, Walgreens, Publix, Stein Mart, Kmart, Sonic, IHOP, Advance Auto Parts, Family Dollar, Goodwill and several others.
Vero Beach is a city in Indian River County, Florida. It is the county seat of Indian River County. Vero Beach is located about 190 miles south of Jacksonville. Vero Beach is home to general aviation manufacturer Piper Aircraft, which is the largest private employer in the county and employs approximately 730 people. Vero Beach relies heavily on tourism, the citrus industry and service activities. In addition, an increasing number of firms in the health care and information technology industries along with a steady stream of light manufacturing and service sector jobs.
The beaches in Vero Beach are part of Florida’s Treasure Coast. Vero’s main public beach is known as South Beach, accessible at the eastern end of State Road 656. Another public beach is Humiston Park, in Vero’s Central Beach Business District. Jaycee Park is adjacent to Conn Beach. Vero Beach also has other public access trails and walkways with beach access. Vero Beach is home to the 18,000 student Indian River State College. Over 70% of the region’ s college-bound high school seniors attend IRSC.
Financial Summary
Actual
-
- -$105,000
1775 US Highway 1, Vero Beach, FL 32960 (Indian River County)
Listing Courtesy of UPLAND REAL ESTATE GROUP
Disclaimer: “Information believed to be accurate, not warranted”