1705 US Highway 1 | Vero Beach, FL 32960
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1705 US Highway 1
Vero Beach, FL 32960
Walgreens | New 15yr Corp Abs NNN | S&P: BBB · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 15 Year Lease | Scheduled Rental Increases | Well Known & Established Brand | Investment Grade (S&P: BBB)
- Strong National/Credit Tenants | Palms at Vero Beach (259 Units) |Indian River Apartments (180 Units) | Dense Retail Corridor
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Signalized, Hard Corner Intersection | Excellent Visibility | U.S. State Highway 60 (23,600 VPD) | Heavily Traveled Trade Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,310 SF
Building Class
B
Year Built/Renovated
1996/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.57 AC
Zoning
C-1 - Highway Oriented Commercial
Parking
73 Spaces (4.68 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 33-39-01-00069-0000-00003.0 | Improvements Assessment | $1,421,783 |
| Land Assessment | $935,722 | Total Assessment | $2,357,505 |
PROPERTY TAXES
Parcel Number
33-39-01-00069-0000-00003.0
Land Assessment
$935,722
Improvements Assessment
$1,421,783
Total Assessment
$2,357,505
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