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Property profile

2870 Town Center Way Palm City, FL 34990

OFF-MARKET
Retail properties & Spaces
36,252 SF Built 2006
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Property summary

AI-generated overview

This exceptional 1,050 square foot retail space is situated within the prestigious Martin Downs Town Center in Palm City, Florida. Built in 2006, this upscale, Key West-style center boasts a total of 36,252 square feet and enjoys a prime location at the bustling intersection of Martin Downs Boulevard and High Meadow Avenue. The center is anchored by a Publix and CVS Pharmacy, ensuring high foot traffic and visibility. This space offers a fantastic opportunity to join a thriving tenant mix that includes Panera Bread, Edward Jones, Dunkin’ Donuts, Truist, and Quest Diagnostics. The property features a historically low turnover rate and vacancy, indicating a strong and stable market. The lease rate is $28.00 per square foot NNN, with a CAM expense of $12.44 per square foot. This location benefits from its proximity to affluent, gated communities in Palm City, making it an ideal space for businesses targeting a high-income demographic. The center's prominent position and strong tenant lineup make this an exceptional investment opportunity. Don't miss this chance to establish your business in one of Palm City's most sought-after retail destinations. Located in Martin County, Florida, at 2870 SW Town Center Way, zip code 34990.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 36,252 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2870 Town Center Way Palm City, FL 34990
Palm City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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