5975 20th St
Vero Beach, FL 32966
Century Town Center · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale, Century Town Center - a 99,553 +/- SF community center anchored by Marshalls, HomeGoods, Petco, Jo-Ann and The Home Depot (shadow) - situated along heavily traveled Hwy 60 in Vero Beach, FL. In addition to the national credit, regional consumer draw created by the adjacent Home Depot, Century Town Center is anchored by 78.4% national anchors – Marshalls, HomeGoods and Petco - with an overall tenant roster comprised of roughly 87% national tenants. Davita Dialysis (10-year term) and Chronic Taco (5-year term) have buoyed leasing momentum for the next iteration of ownership at the Property. Jo-Ann, which has term through 2023, recently removed its sales kickout clause at Century Town Center, cementing Jo-Ann’s commitment to the Property along with Marshalls and HomeGoods, while solidifying the anchor synergy long established by these national retailers (since 2012). Location The Property is strategically positioned along a major regional traffic thoroughfare in Vero Beach, accommodating 33,000 VPD. A major commuter thoroughfare connecting the downtown area and US-1 with Interstate 95 and the Vero Beach Outlets, FL-60 serves as the area’s busiest east-west traffic and retail corridor. Continued development in the sub-market includes The Reserve at Vero Beach luxury apartment community (159 units), abutting Century Town Center on the west side, which was recently completed behind Chick-Fil-A and Outback Steakhouse outparcels. Abutting Century Town Center on the east side of the Property and sharing access, The Home Depot provides an additional regional consumer draw; while immediately adjacent to The Home Depot, Sam’s Club and Walmart, along with Target - directly across the street – create a significant retail nucleus for Vero Beach and the surrounding area, drawing customers for a plethora of shopping needs in conjunction with Indian River Mall, just down the street. Positioned along Florida’s Treasure Coast, Indian River County covers an area of 543 square miles. Situated roughly 190 miles south of Jacksonville and 135 miles north of Miami, the county boasts 26 miles of beaches along the Atlantic Coastline, orange and grapefruit groves, oceanfront estates and riverfront communities. Florida’s 7th-richest county, Indian River County includes the Sebastian-Vero Beach, FL MSA with Sebastian as its largest city and Vero Beach serving as the county seat. Vero Beach has been named by Money Magazine as a “Top Beach Town”, it has been ranked #1 in Florida and #3 nationally behind Boulder, CO and Stamford, CT for concentration of CEOs by The Wall Street Journal, CNBC and MSNBC.com have called the city, “Miami’s Version of the Hamptons”, and it has been ranked as “The #1 Small Town in Florida” by America’s Guide to Small Towns.