Fountains Center
Spaces
Retail | 6 spaces available | 1,356 SqFt - 4,965 SqFt
Building description
Omicron Group of Companies is pleased to present, Fountains Center, a premier 196,533 SF mixed- use property in the heart of Boca Raton, Florida.
This high-performing mixed-use asset is surrounded by one of South Florida’s most affluent and rapidly growing populations.
The property is 90.12% leased to a diverse mix of national and regional tenants, including Citi Bank, Truist, University of Miami, MD Now, among others. Independent medical practices, which make up approximately 54% of the property, further enhance its long -term stability and provide resilient, recession -resistant foot traffic.
With an exceptional location on the intersection of Powerline Rd and W Camino Real, with 690’ of frontage on Powerline Rd, Fountains Center benefits from strong daytime population, and direct access to major employment, education, and healthcare hubs.
This offering presents investors with the opportunity to acquire a best -in -class asset in a market characterized by high barriers to entry, affluent demographics, and strong office, medical office, and retail demand.
Boca Raton boasts an average household income exceeding $150,000, supporting sustained rent growth and future appreciation.
The property’s necessity -based tenant mix ensures continued relevance in today’s evolving landscape.
Building highlights
High Barrier to Entry Market: Prohibitive construction costs (>$550/SF), dearth of available and affordable land, and competitive land uses such as multifamily have blocked any significant new office and retail development in Boca Raton.
Diversified Tenant Mix: The property features a diverse tenant base spanning retail, dining, medical, and service-oriented businesses, creating a balanced and resilient income stream while driving strong consumer traffic across multiple demand drivers
Notable Demand Drivers: Boca Raton boasts a strong presence of major corporations, with 25% of the city's tenancy comprised of headquarters and key offices for prominent companies, including: Office Depot, ADT, Tyco, Touch suite, The GEO Group, SBA, TransUnion, Cross Country Healthcare, and Celsius Holdings.
Exceptionally Located; Next to a Plethora of Amenities: The property is along the North/South main artery of Boca Raton, Powerline Road. This is truly the ‘heart of Boca Raton and hosts a large array of amenities including restaurants, parks, shopping malls, and multiple golf courses.
Strong Market: Boca Raton continues to attract significant interest from private, institutional, foreign and domestic investors who are attracted to the broadly affluent demographic base. The Property's central location within Boca Raton positions the Property amongst some of the wealthiest communities in South Florida. It is minutes from both executive level housing and ultra luxury housing communities with home values between $1-$6 million.
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Property History
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