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Net Lease Retail along US HWY 1 in Ft. Pierce 2402 S US Highway 1 3,260 SF Retail Building Fort Pierce, FL 34982 $2,322,618 CAD ($712.46 CAD/SF)
Investment Highlights
- Net Lease Investment with national retail brand and multiple years remaining on Lease
- Prime corner location along US Hwy 1 in Fort Pierce
- Surrounded by other national retail brands including Dunkin’, Jersey Mike’s, Publix, WaWa, CVS & Chase
- Annual Rent Increases
- Over 35,000 vehicles per day
- Ample opportunity for future development or repositioning
Executive Summary
Net lease retail investment opportunity along S. US Hwy 1 in the heart of Fort Pierce. In-place cash flow generated by a multi-year lease with national retail brand Tuff Shed. Prime corner location – 125’ of frontage along S. US Hwy 1 - optimal exposure with more than 35,000 vehicles per day. Surrounded by other national retailers including Dunkin’, Starbucks, Dutch Brothers Coffee, WaWa, Publix, Jersey Mike’s, CVS, and Chase Bank. Zoning is C3 General Commercial providing ample opportunity for future development or repositioning.
This property may also be purchased as part of a multi-parcel commercial portfolio which includes 303 Indian Hills Drive (3-unit residential triplex building), and 330 Indian Hills Drive (Fleet parking / storage facility). Please see the Offering Memorandum attached for details regarding the portfolio.
This property may also be purchased as part of a multi-parcel commercial portfolio which includes 303 Indian Hills Drive (3-unit residential triplex building), and 330 Indian Hills Drive (Fleet parking / storage facility). Please see the Offering Memorandum attached for details regarding the portfolio.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,260 SF
Building Class
C
Year Built
1944
Price
$2,322,618 CAD
Price Per SF
$712.46 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.51 AC
Zoning
C3 - General Commercial - C3 - General Commercial
Frontage
125’ on S US Hwy 1
Amenities
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Tuff Shed began in 1981 when one person wanted to create quality backyard buildings. The company has grown significantly since then, offering products nationwide. They provide various structures including storage sheds, garages, and specialty buildings. Tuff Shed uses quality materials and construction methods. Their product lines include options for residential and commercial use. The company has a large network of local factories and installers across many states.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-22-601-0004-0005 | Improvements Assessment | $85,027 CAD |
| Land Assessment | $46,733 CAD | Total Assessment | $131,760 CAD |
Property Taxes
Parcel Number
24-22-601-0004-0005
Land Assessment
$46,733 CAD
Improvements Assessment
$85,027 CAD
Total Assessment
$131,760 CAD
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Net Lease Retail along US HWY 1 in Ft. Pierce | 2402 S US Highway 1
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