1941 NW FEDERAL HWY Jensen Beach FL 34957

The 1000sf of Windemere Point Shops that is for sale is a vacant neighborhood center located at 1925 NW Federal Highway (the “Property”) in Stuart, FL. Shadow anchored by LA Fitness in a high traffic area, this retail/office investment offers various upside opportunities in an established community with a highly accessible location and direct frontage on US1.

Built in 2018, the site is improved with a one-story CBS building with ample parking, multiple access points, sidewalks, asphalt parking, lighting and signage. The Property is completely vacant/in shell condition offering a total of 1000 sf. Windemere Point Shops benefits from shared cross-access with successful LA Fitness (not included in offering) in operation since May 2010 with a long-term lease through April 2026, plus options. Tenants at the Property benefit from this highly trafficked LA Fitness and its large number of members that visit the club each day and drive traffic to the neighborhood center. The Property is well maintained with limited LL responsibilities; Association maintains the entire grounds and exterior while the tenant maintains the interior including, plumbing, electric and A/C.

The subject Property, 5,200' of the 17,200' in Lot 2 (Lot 2) is part of the Windemere Point CPUD Development Order, which also includes a separately owned ±45,000 SF LA Fitness (Lot 1) and a 5,250 SF out-parcel and land for an additional ±3,828 SF building to be constructed in the future (Lot 3). Lot 2 includes the subject Property parcel is in the ±10,400 SF building and there is also a ±6,800 SF building next to it. All parcels are subject to a Construction, Operation, and Reciprocal Easement Agreement (COREA). The terms of the COREA as amended include the following provisions: the CPUD will include three separate parcels. The Lot 2 owner is responsible for the maintenance of the common areas of the center. The Lot 1 and Lot 3 owners pay a pro rata share of the common area maintenance expenses.

A land condominium was created in order to separate the units in each of the two buildings on Lot 2 in order to have an efficient means to guarantee exclusive uses of tenants within both buildings, provide for the management and maintenance of the two buildings, and to provide for the maintenance of the shopping center common areas. The land condominium will also allow for the sale of individual units in either building. The condominium board collects sufficient funds to hire a professional management company, if desired.

Businesses in Martin County enjoy location directly between Miami and Orlando, providing access to 6 million people in a 100 mile radius and over 2 million in a 60 mile radius. I-95, the Florida Turnpike and U.S. Highway 1 are all a stone’s throw from any business in the county. The Atlantic Coast city of Stuart, known as the "Sailfish Capital of the World," is located along Florida’s renowned Treasure Coast, north of Palm Beach and south of Vero Beach. Along with fishing and other water-intensive pleasures, Stuart is famed for its historic and pedestrian-friendly downtown located just 5-minutes south of Windemere Point Shops. Windemere Point Shops offers strategic positioning along the heavily trafficked NW Federal Highway (US1), the primary north/south commercial corridor serving eastern Martin County, with ±51,725 vehicles passing the site daily. There are three points of ingress/egress to the site. The main entrance is accessible from NW Federal Highway. There are also points of ingress/egress at NW Windemere Drive (north of the Property) via a signalized intersection and via the RaceTrac parking lot to the south. The Property offers a prime location with expansive frontage on US1, excellent accessibility and ease of access to the greater area and major transportation routes. The Property offers a location in a main commercial district which ensures continued consumer demand and future retailer interest. Given its location along the primary north/south commercial corridor serving eastern Martin County, Windemere Point Shops services an expanded trade area with a 2020 population of ±319,076 with an annual household income of ±$79,882 within 10-miles.

Windemere Point Shops presents investors with the opportunity to purchase a vacant/shell portion of a neighborhood center ready for owner occupancy or strategic long term leasing strategies in a desirable south Florida market.

• Martin County is located on the Atlantic Coast of Florida between Orlando and Miami and offers 77 parks, some of the most unique beaches and easy access from I-95
• The County is comprised of 10 communities on the east coast of FL between Lake Okeechobee and the Atlantic Ocean; The heart of Martin County is the town of Stuart
• Martin County statistics point to a growing community and burgeoning business environment with a population of 158,700
• Known as “The Sailfish Capital of the World,” Stuart is located along the Atlantic Coast, north of West Palm Beach and just south of Port St. Lucie