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10142 Indiantown Rd
Jupiter, FL 33478

Jupiter Farms Shopping Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
84,337 SF
Building Class
C
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
10.22 AC
Zoning
PCD/CC, County
Parking
534 Spaces (6.33 Spaces per 1,000 SF Leased)

AMENITIES

  • Storage Space
  • Air Conditioning

ABOUT 10142 INDIANTOWN RD , JUPITER, FL 33478

SRS Investment Properties Group, as exclusive broker, is pleased to issue a Call For Offers on Jupiter Farms Shopping Center - an 84,337 +/- SF neighborhood center anchored by a market-leading, high volume Publix - situated along W. Indiantown Rd (FL-706) in Jupiter, Florida. **Offers due Wednesday, August 15th, 2018 by 5:00 PM EST** **Please Include In Offer** *Purchase Price *Deposits *Due Diligence/Closing Timeframes *Source of Funds/Buyer Resume Jupiter Farms Shopping Center is anchored by a market-leading Publix which reports tremendous sales volumes further bolstered by a 14% growth factor over the last five years. A valuable, necessity-based shopping anchor as well as the number one true grocer in Florida, Publix at Jupiter Farms boasts a long and successful history at the Property, dating back to 1998, with term through 2023 (per a recent five-year renewal).Six of the fourteen in-line tenants are original, in occupancy for approximately 20 years. Two others are in occupancy for approximately 10 years. With a strategic location in Jupiter, a thriving grocery anchor, potential leasing activity, a plethora of national outparcels, and beneficial, ancillary development like the adjacent 50,000 SF Calvary Church underway; Jupiter Farms provides investors with an excellent opportunity to add value to the Shopping Center via the lease-up of 8,597 +/- SF of shops and the potential for an additional small pad development. In addition to high-quality maintenance and unique architectural features, the Center boasts a lighted intersection at its northeast corner, ample access, abundant parking and national outparcel draws including Dunkin’ Donuts, Chevron, McDonald’s, PNC Bank, NAPA Auto Parts and more. Additionally, the Center’s position along W. Indiantown Rd (FL-706), gives it significant exposure to the east-west commuter corridor which connects Downtown Jupiter, I-95 and the Turnpike with the trade area’s largest employers – Pratt & Whitney and the Walgreen’s Distribution Center – both located a few miles west of the Property. LOCATION Located along W. Indiantown Rd (FL-706), just west of I-95 and the Florida Turnpike, Jupiter Farms Shopping Center benefits from a combined traffic count of 37,500 VPD in front of the Property. Anchored by a bustling Publix, the Center serves as the retail nucleus for the community of Jupiter Farms as well as a wide swath of greater West Jupiter – dominating trade area capture, particularly west of I-95. With a synergistic blend of shops and restaurants and a mix of destination outparcels, Jupiter Farms Shopping Center draws consumers with a plethora of goods and services. Well-situated in northern Palm Beach County, Jupiter Farms is an affluent, established community with impressive average household incomes of $111,300 and $112,814, within a one and three mile radius of the Property, respectively. The bourgeoning trade area is characterized by a 1.94% projected annual growth rate through 2023 as evidenced by several new nearby residential communities – where prices range from $600,000 to well over $1,000,000.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-41-41-01-05-001-0150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,511,527
  • Listing ID: 13405825

  • Date on Market: 8/6/2018

  • Last Updated:

  • Address: 10142 Indiantown Rd, Jupiter, FL 33478

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