Listing Agency: Jeremiah Baron & Co. c***@commercialrealestatellc.com Show Phone

Listed By: Chris Belland · License #3345950

Source: Moodyscre

Added: Mar 3, 2023 Changed: Jul 6 Last Checked: Jul 21 at 5:53AM

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Investment Insights

Based on property information with market context.

This modern shopping center offers retail spaces for lease. Two in-line spaces are currently available: a 1,365-square-foot space built out for a spa, and a 1,552-square-foot vanilla shell space. There is an option to combine the spaces into one contiguous area. The site features landscaping, lighting, monument signage, and a fountain. The property runs parallel to a federal highway, providing maximum exposure. It is located next to a newly built Racetrac gas station at a signalized intersection.

Key Highlights

• Maximum exposure due to direct parallel location to federal highway.
• Located next to a newly built Racetrac gas station at a signalized intersection.
• Brand new modern shopping center.

Property Analytics

Property Profile

Current Use

MÜV Dispensary Hobe ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Nail Salon Dental Office Parking Lot & Garage Hair Salon Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

599

Businesses Nearby

70k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Groceries 33% Shops & Services 19% Beauty & Spa 2%

Publix Groceries

23,124 visits/mo 0.4 miles

McDonald's Dining

13,430 visits/mo 0.4 miles

Wendy's Dining

9,057 visits/mo 0.4 miles

BP Shops & Services

5,497 visits/mo 0.5 miles

Taco Bell Dining

5,048 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - New shopping center with spaces for lease, high visibility.

Where is this shopping center located?

The property is located at 10455 SE Federal Hwy Hobe Sound, FL.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: Maximum exposure due to direct parallel location to federal highway.; Located next to a newly built Racetrac gas station at a signalized intersection.; Brand new modern shopping center.