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Vero Beach Square 5125 20th St 11,480 SF 100% Leased Retail Building Vero Beach, FL 32966 $6,300,000 ($548.78/SF) 6.28% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied Eastern Florida Strip Located on High Traffic Vero Retail Corridor
- The Property is Anchored By a Corporate Guaranteed Corner Drive-Thru Dunkin’, Jersey Mike’s Subs and Corporate Elite Hearing Centers of America
- The Center Sits on and Oversized Lot of Over 2 Acres With an Above Average Parking Ratio of 9.4 Spaces Per 1,000 Square Feet
- All Tenants Have Aggressive Base Rental Increases and NNN Leases With Additional Admin Fees Collected on CAM
- Property Sits on 20th St (SR-60) which is the Main East-West Retail Corridor in Vero Beach w/ Access On and Off I-95 and Traffic Counts of 32,500 Cars
- Surrounding National Retailers Include Super Walmart, Sam’s Club, Home Depot, CVS, McDonald’s, Publix Supermarket, Target and Many More
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
AMENITIES
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Asurion Tech Repair
- -
- -
- $24.00
- Triple Net
- Jan 2028
- Bambuu Asian Eatery
- -
- -
- -
- -
- -
-
- Retailer
- -
- -
- -
- -
Dunkin, formerly known as Dunkin’ Donuts, is a global quick-service restaurant brand headquartered in Canton, Massachusetts. Founded in 1950 by William Rosenberg in Quincy, Massachusetts, Dunkin specializes in coffee, baked goods, and breakfast sandwiches. The company operates under a 100% franchise model and is part of Inspire Brands, a privately held restaurant group. Dunkin has grown into one of the largest coffee and baked goods chains worldwide, serving millions of customers daily. Its menu includes hot and iced coffee, espresso beverages, donuts, bagels, and other breakfast items. Dunkin rebranded in 2019 to emphasize its beverage-led strategy while maintaining its iconic donut offerings. Today, the brand operates over 12,000 locations in more than 40 countries, including approximately 9,800 stores in the United States.
- Elite Hearing Centers
- Health Care and Social Assistance
- -
- $32.00
- Full Service
- Dec 2025
-
- Accommodation and Food Services
- -
- $36.00
- Modified Gross
- Jun 2031
Jersey Mike’s Subs, founded in 1956 as “Mike’s Subs,” is a privately held, franchise-based fast-casual chain headquartered in Manasquan, New Jersey. Known for preparing East Coast–style subs “Mike’s Way” with fresh-baked bread and meats sliced daily, the brand now operates over 3,000 locations across North America. In November 2024, Blackstone acquired a majority stake, with Founder and CEO Peter Cancro retaining a significant equity position. The Bordentown branch, located in Acme Commons, opened in early 2025 with franchise owners Nick, Tom, and Patrick Ballad, following a ribbon-cutting featuring local officials. The company is ranked among the fastest-growing U.S. franchises and supports nationwide community initiatives, including its Annual Day of Giving.
- Zoomies
- -
- -
- $27.00
- Triple Net
- Oct 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Asurion Tech Repair | - | - | $24.00 | Triple Net | Jan 2028 | |
| Bambuu Asian Eatery | - | - | - | - | - | |
|
|
Retailer | - | - | - | - | |
| Elite Hearing Centers | Health Care and Social Assistance | - | $32.00 | Full Service | Dec 2025 | |
|
|
Accommodation and Food Services | - | $36.00 | Modified Gross | Jun 2031 | |
| Zoomies | - | - | $27.00 | Triple Net | Oct 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33-39-04-00038-0000-00004.0 | Improvements Assessment | $925,109 |
| Land Assessment | $484,300 | Total Assessment | $1,409,409 |
PROPERTY TAXES
CONTACTS
-
Tricia Lim -
Kirk Olson -
Drew Kristol -
Monique Maldonado -
Marcus & Millichap
Presented by
Vero Beach Square | 5125 20th St
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