Donald Ross Village
Outparcel Opportunity for Retail, Medical, Medical Office, Office
Marketing description
Seeking offers to ground lease or to purchase.
Approximately a .3 acres of land. Parcel will benefit from existing parking within remainder of shopping center. Please see details below.
The opportunity sits along Military Trail just south of Donald Ross Road in the lifestyle mixed-use center known as Donald Ross Village. The project is mixed-use and benefits from shared parking. Our primary interest is to ground lease or sell the pad at a fair number. We can assist Buyer in obtaining site plan approval as we have developed several projects in Palm Beach Gardens including Donald Ross Village and the on site Homewood Suites.
Donald Ross Village, Abacoa Plaza (Publix anchored center to the north), and Alton Town Center (Publix, Home Depot, L.A. Fitness, Pet Smart anchored center to the west) are 100% leased. This proposed pad would be in close proximity to CVS, Dunkin Donuts, the 20,000 sq.ft. Palm Beach Sports Club (formerly Gold’s Gym), Cleveland Clinic, Resolute, Med Express, Cycle Bar, and sits along Military at one of the entrances to Donald Ross Village and at the entrance to the 153 unit Cielo townhome community.
Non-parking intensive uses preferred - office, medical, medical-office, low traffic retail and similar uses.
Cannot conflict with existing businesses at Donald Ross Village
Max building size (TBD upon site plan approval) will likely be ~2,000-2,500 sq.ft., subject to the use, parking needs, and other details. A two-story building may allow for a slightly larger max building size.
Building design must be consistent with existing project’s design.
Monument Signage available.
Investment highlights
Bank deposits at the intersection as of June 2022.
Wells Fargo - $602M – the highest deposit branch for Wells Fargo in Jupiter and Palm Beach Gardens by over $100M. There are eight branches.
PNC - $206.6M – the second highest deposit branch for PNC in Jupiter and Palm Beach Gardens. There are five branches.
Bank of America - $300.6M – the third highest deposit BofA branch in Jupiter and Palm Beach Gardens. There are six branches.
Truist Bank – $208.5M - the second highest deposit Truist branch in Jupiter and Palm Beach Gardens. There are six branches.
Other market details:
$180,000+ AHHI in 1 mile; $172,000+ in 3 miles
Businesses at the property are performing very well, including some restaurants doing over $1,000 PSF in sales.
The property benefits from over 1,500 feet of frontage on Donald Ross Road, 6 access points from major roadways, 5 monument signs, and is situated at 2 major traffic lit intersections.
Over 100,000 cars pass by the property per day
The on-site extended stay Hilton Homewood Suites is the top performing hotel within its competitive set.
Palm Beach Sports Club (20,000 sq.ft.) recently completed a multi-million dollar renovation at the property.
UHS just obtained approval for a state of the art hospital approximately 1 mile west of the property along Donald Ross Road and i-95.
United Technologies (a Forbes 500 Company) has completed their construction and opened the 250,000 sq.ft. corporate office building for Carrier Air Conditioning’s World Headquarters.
The Scripps and Max Planck biotech institutes, Roger Dean Stadium, and G4S Headquarters sit approximately 1 mile west on Donald Ross Road.
University of Florida has purchased a large tract of land less than a mile west, along the south side of Donald Ross Road
The property is surrounded by Florida Atlantic University, The Benjamin High School ($20k+/yr) and Dwyer High School (which is immediately to the south of this pad)
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