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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 $2,317,844 CAD ($711.00 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
$2,317,844 CAD
Price Per SF
$711.00 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 founder Tom Saurey started building quality backyard structures. The company has since expanded nationwide, offering storage sheds, garages, and custom buildings. Their product lines include Garden Series, Premier Series, and specialty structures. Tuff Shed operates local factories for component fabrication and provides professional installation services. The company maintains a presence across the contiguous United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-22-601-0004-0005 | Improvements Assessment | $85,706 CAD |
| Land Assessment | $47,106 CAD | Total Assessment | $132,812 CAD |
Property Taxes
Parcel Number
24-22-601-0004-0005
Land Assessment
$47,106 CAD
Improvements Assessment
$85,706 CAD
Total Assessment
$132,812 CAD
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Net Lease Retail along US HWY 1 in Ft. Pierce | 2402 S US Highway 1
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