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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 $2,342,819 CAD ($718.66 CAD/SF)

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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.

OFFERING MEMORANDUM_FINAL_compressed

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,260 SF

Building Class

Year Built

1944

Price

$2,342,819 CAD

Price Per SF

$718.66 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

Corner Lot

Signage

Storage Space

Air Conditioning

Major Tenants

Manufacturing
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Tuff Shed est un véritable original américain, qui a débuté dans l'Ouest en 1981 avec le rêve d'un homme de concevoir, fabriquer et installer des bâtiments d'arrière-cour de qualité pour les clients. Quarante ans plus tard, Tuff Shed est un chef de file de l'industrie et sert maintenant des clients dans une grande partie des États-Unis. Leur dévouement envers la qualité, leurs conseillers en conception serviables et leur réseau d'usines et d'installateurs locaux facilitent la tâche de leurs clients pour obtenir facilement le bâtiment Tuff Shed qui répond le mieux à leurs besoins.