Cap Rate: 6.25%
Net Operating Income (Est.): $496,405
Lot Size: 2.26 AC
Year Built: 2018
The Kase Group is pleased to present a 14,373 SF retail shopping center located in Hobe Sound, FL. Hobe Sound Station is located at 10455 SE Federal Highway in Hobe Sound, Florida 33455. This new site is at the northwest corner of the intersection of Pettway and Federal Highway, precisely 1.2 miles north of Bridge Road in Hobe Sound, Florida. The asset is well situated on a major real corridor near national tenants including McDonald’s, Bank of America and Wendy’s.
Hobe Sound is an unincorporated area and census-designated place (CDP) in Martin County, Florida. The population was 11,521 at the 2010 census. It is part of the Port St. Lucie Metropolitan Statistical Area.
Centrally located between Jupiter and Stuart along Florida’s Atlantic coast, Hobe Sound is home to some of the most beautiful nature spots in the state. Travelers from all around the world enjoy the pristine beaches, unspoiled parks and championship golf courses of Hobe Sound. Explore nearby Jonathan Dickinson State Park for camping and canoeing or Blowing Rocks Preserve to view the limestone-studded beach. At high tide, particularly in winter and after storms, water is forced through the holes in the rocks as high as 50 feet in the air. Snorkelers are fond of the preserve’s limestone formations, the largest on the nation’s east coast, found right in Hobe Sound.