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OFF-MARKET
Retail properties & Spaces

74 Origins Main St Watersound, FL 32461

Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 2,567 square foot retail space presents a remarkable leasing opportunity in the vibrant Watersound Town Center, located at 74 Origins Main Street, Watersound, FL. Situated on the highly visible corner of Origins Main Street and Plaza Way, this new construction first-floor unit enjoys unparalleled exposure to significant traffic flow along US Hwy 98, the area's primary transportation route. The property benefits from its strategic location at the entrance to the thriving Watersound Origins residential community, ensuring a robust customer base. Anticipated delivery is in the third quarter of 2024. This space is ideally suited for a variety of retail businesses, capitalizing on the high visibility and foot traffic of this burgeoning area. The building offers convenient amenities including common area restrooms and an elevator for easy accessibility. The lease terms include a base rent and percentage rent structure, providing a flexible and potentially lucrative arrangement. Furthermore, a tenant improvement allowance is available to assist with build-out costs, making this an even more attractive proposition. The Watersound Town Center already boasts a diverse mix of established businesses, including Village Market, Ascension Sacred Heart, Ambrosia, Dermatology Specialists, Nigel's, and Aqua Medical Spa, creating a synergistic and thriving retail environment. This is a rare opportunity to secure a prime retail location in a rapidly growing community.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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