Nettles Island Marina provides a unique ownership advantage by combining multiple income sources derived from the marina, as well as the retail strip center, and to some extent a small mini-storage component. This provides desirable income diversification.
The income is primarily derived from slip rental and long-term commercial tenant leases in the marina’s retail strip center. Slip rental leases (boat storage) and long term commercial tenant leases are among the most desirable revenue streams in the marina industry, due to their high margins and ease of management. This facility can successfully be managed by a single owner/operator, or an absentee owner with one or two employees.
In general, there is strong upside in generating additional slip rental revenue and utilizing the fee-simple upland to generate additional lease income. There is also upside in introducing owner-operated auxiliary businesses such as boat brokerage/dealership and other synergistic retail outlets.
Nettles Island Marina is situated in one of the most desirable regions for marina acquisitions in the country. The marina is a 10-minute walk to the beach, 45-minute drive from Palm Beach International Airport and a short distance to the charming Village of Jensen beach, which offers great dining, shopping, and bars.