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3440 Martin Hwy
Palm City, FL 34990
Pet Paradise at Palm Pike Crossing · Retail Property For Sale


Investment Highlights
- New construction with a brand-new 20-year lease with 2% annual rent increases starting year 6
- No landlord management obligations – Absolute NNN Lease
- Anchored by the Top 86% Performing Wawa in FL and the Top 87% Performing Tractor Supply Co. in the ENTIRE COUNTRY per Placer.ai
- Pet Paradise is a top-tier operator within the pet services industry and is privately held by the highly successful private equity firm Crane Group
- Highly desirable, affluent market with surrounding household incomes exceeding $150K
- Florida has NO STATE INCOME TAX
Executive Summary
CBRE’s Net Lease Property Group is pleased to present this brand-new absolute NNN 20-year Pet Paradise located in one of the nation’s fastest growing markets in South Florida. This lease provides for truly “hands off” management and includes annual rental increases of 2%. The Property is anchored by an extremely busy Wawa (IN TOP 86% PERFORMING STORE IN THE STATE OF FLORIDA per Placer.ai) and Tractor Supply (IN TOP 87% STORE IN THE ENTIRE COUNTRY per Placer.ai).
Palm Pike Crossing offers retailers a prime, high visibility position along one of Palm City’s most important east-west commuter corridors, delivering constant exposure to the surrounding customer base with household incomes exceeding $150K and regional traffic moving between Palm City, Stuart, I-95, and the Turnpike. The property benefits from excellent visibility, easy ingress/egress, and access designed for quick, convenient stops – key criteria for QSR, service retail, and daily needs operators. With established traffic patterns, strong household demographics, and seamless regional connectivity, this corridor provides the consistent customer flow and accessibility national retailers look for when selecting high-performing sites.
Pet Paradise is among the market leaders in the pet services industry offering boarding, daycare, grooming, and veterinary care, making it a recession resistant and traffic generating tenant for retail developments. Founded in 1987, the company has built a trusted reputation and loyal customer base by delivering essential, recurring services that pet owners prioritize regardless of economic cycles. With multiple revenue streams, upscale facilities, and a focus on customer experience, Pet Paradise drives consistent daily visits, strengthens community appeal, and complements surrounding retailers.
Palm Pike Crossing offers retailers a prime, high visibility position along one of Palm City’s most important east-west commuter corridors, delivering constant exposure to the surrounding customer base with household incomes exceeding $150K and regional traffic moving between Palm City, Stuart, I-95, and the Turnpike. The property benefits from excellent visibility, easy ingress/egress, and access designed for quick, convenient stops – key criteria for QSR, service retail, and daily needs operators. With established traffic patterns, strong household demographics, and seamless regional connectivity, this corridor provides the consistent customer flow and accessibility national retailers look for when selecting high-performing sites.
Pet Paradise is among the market leaders in the pet services industry offering boarding, daycare, grooming, and veterinary care, making it a recession resistant and traffic generating tenant for retail developments. Founded in 1987, the company has built a trusted reputation and loyal customer base by delivering essential, recurring services that pet owners prioritize regardless of economic cycles. With multiple revenue streams, upscale facilities, and a focus on customer experience, Pet Paradise drives consistent daily visits, strengthens community appeal, and complements surrounding retailers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,258 SF
Building Class
B
Year Built
2026
Price
$12,036,541 CAD
Price Per SF
$788.87 CAD
Cap Rate
6.50%
NOI
$782,374 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.05 AC
Zoning
C - Commercial
Parking
36 Spaces (2.36 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 24-38-40-006-000-00040-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $524,151 CAD |
Property Taxes
Parcel Number
24-38-40-006-000-00040-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$524,151 CAD
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