Listed by Berkshire Hathaway HomeServices EWM Realty Coral Gables South Miami
$1,699,000
2402 S US Highway 1
Details
Property Type Mixed Use, Retail
Sub Type Storefront, Mixed Use
Square Footage 3,250
Net Rentable (SqFt) 3,250
Units 1
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 4
Rent Bumps Yes
Class C
Year Built 1949
Buildings 1
Lot Size (SqFt) 22,200
Zoning C3 - General Commercial
Investment Type Net Lease
Ground Lease No
Net Lease Retail Investment on Prime Corner Lot in Ft. Pierce
Marketing description
Mixed-use & multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Future development potential, while enjoying the existing cash flow streams generated by a single-tenant NNN Lease with a national retail brand and a residential triplex building. The portfolio also includes a vacant developable lot located across the street which is composed of 23,320 SF (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 SF industrial warehouse/storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.
Investment highlights
Net Lease Investment with national retail brand and multiple years remaining on Lease
Annual Rent Increases
Prime corner location along US Hwy 1 in Fort Pierce
Over 35,000 vehicles per day
Surrounded by other national retail brands including Dunkin’, Jersey Mike’s, Publix, WaWa, CVS & Chase
Potential re-development opportunities
Listing Contacts
Listed by Berkshire Hathaway HomeServices EWM Realty Coral Gables South Miami
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