Ascella Group
Listed by Ascella Group
Unpriced
Seaway Marina
Details
Property Type Special Purpose
Sub Type Marina
Square Footage 22,891
Brand/Tenant 7-Eleven
Lease Type NNN
Buildings 11
Acreage 2.280
Zoning Neighborhood Commercial-C-5 (Fort Pierce)
“Prime Fort Pierce Waterfront Marina – Income, Upside, and Ocean Access.”
Marketing description
Formerly known as Fort Pierce Inlet Marina, Seaway Marina occupies a premier waterfront position at 1010 Seaway Drive in Fort Pierce, Florida, just off the Intracoastal Waterway at the base of the South Bridge. The marina currently features 87 active slips and the potential to expand to more than 150, accommodating vessels up to 75 feet with depths ranging from 14 to 55 feet.
Designed for comfort and convenience, Seaway Marina offers modern amenities, including electric hookups, water supply, complimentary Wi-Fi, laundry facilities, restrooms, and showers. With panoramic views of the Indian River Lagoon, it provides a secure and sheltered harbor with effortless access to nearby beaches, shopping, dining, and recreation.
Beyond its operational excellence, Seaway Marina represents a rare coastal investment combining immediate income, credit tenant stability, and transformative development potential. Its strategic location, minutes from open ocean access, Derecktor Shipyard, and downtown Fort Pierce, positions the property at the heart of the city's expanding growth and tourism corridor.
Anchored by a thoughtfully envisioned mixed-use redevelopment plan, the project unites marina, residential, and retail components into a cohesive destination, delivering both short-term cash flow and long-term value creation within one of South Florida's most desirable waterfront settings.
The Seaway Marina Concept Plan envisions the transformation of Fort Pierce's waterfront into a refined mixed-use marina community that combines residential living, boutique retail, and waterfront leisure in one cohesive setting.
Situated along Seaway Drive, just one mile from the Atlantic Ocean and 1.5 miles from Derecktor Shipyard, the development enhances the waterfront experience with luxury townhomes and condominiums, curated retail, restaurants and complemented by over 150 modern boat slips. A 7-Eleven convenience store and fuel station under a 15-year triple-net lease provides enduring income stability and daily activity for the site.
Thoughtfully planned walkways, landscaped plazas, and a central clubhouse with pool connect every element, maximizing water views and encouraging a lively pedestrian environment. The result is a distinctive coastal destination that elevates Fort Pierce's marina district, blending lifestyle, commerce, and design excellence within one of Florida's most desirable coastal corridors.
The property features a 15-year triple-net (NNN) lease with 7-Eleven, Inc., including four additional five-year renewal options, providing investors with long-term income security and stability. The lease covers the operation of a 7-Eleven convenience store and fuel station on approximately 17,693 square feet of land with a 3,548-square-foot building.
Under the NNN structure, 7-Eleven is responsible for all operating expenses, property taxes, insurance, utilities, and maintenance, offering a fully passive investment with no landlord responsibilities. The tenant is permitted to operate 24 hours per day and is approved for a wide range of uses, including grocery, prepared foods, motor fuels, boat fuel, and other convenience-related retail operations.
Rent commences on the earlier of 30 days after delivery or store opening, with rent escalations every five years. The initial annual rent of approximately $305,942 provides investors with a secure, long-term income stream backed by a nationally recognized, credit-rated tenant.
Seaway Marina Concept Plan illustrates the property's full potential as a mixed-use waterfront destination combining residential living, boutique retail, waterfront dining, and marina operations within a unified and thoughtfully designed environment. Developed with balance, efficiency, and architectural harmony, the concept reflects the current owner's vision for a property that enhances both lifestyle appeal and long-term investment value.
Located on Seaway Drive in Fort Pierce, just one mile from the Atlantic Ocean and 1.5 miles from the Derecktor Shipyard, home to the world's largest yacht and bait lift, the site occupies a strategic position along Florida's Treasure Coast. This enviable location connects open-water access, local commerce, and tourism growth within one cohesive opportunity.
The proposed master plan envisions a coastal community designed to maximize both the functional and visual potential of the site. It blends modern architecture with open spaces, walkable design, and refined waterfront amenities, resulting in a destination that feels equally residential and resort-like.
The marina features modern amenities such as electric hookups, water, Wi-Fi, laundry, restrooms, and showers, all set against panoramic views of the Indian River Lagoon. Beyond its marina operations, the property includes a newly signed 15-year triple-net (NNN) lease with 7-Eleven, Inc., covering a 17,693 SF convenience store and fuel station. The corporate-guaranteed lease provides stable, long-term income with 10% rent escalations every five years, adding credit-rated security to the investment.
This unique asset combines immediate cash flow, a national credit tenant, and transformative redevelopment potential. Strategically positioned minutes from the Atlantic Ocean, Derecktor Shipyard, and Downtown Fort Pierce, Seaway Marina is located at the heart of the city’s waterfront growth and tourism corridor. Anchored by a mixed-use vision integrating marina, residential, retail, and food & beverage components, the project offers investors both steady income and substantial long-term appreciation within one of Florida’s most sought-after coastal markets.
Investment highlights
- Prime Waterfront Location – Direct Intracoastal and Atlantic access along Seaway Drive in Fort Pierce’s premier coastal corridor.
- Diversified Income – Revenue from marina, residential0, retail, and F&B operations ensures stable cash flow.
- Credit Tenant – 15-year NNN lease with 7-Eleven, Inc., featuring 5-year options and 10% rent increases every five years.
- Expansion Upside – Planned growth to 150+ slips plus additional residential, retail, and F&B components.
- Excellent Visibility – 428’ frontage on Seaway Drive with 18,000+ vehicles per day and quick highway access.
- Strong Market Fundamentals – Located in Fort Pierce’s revitalized waterfront district with robust marine and tourism growth.
- Prime coastal position: Just 1 mile from the Atlantic Ocean and 1.5 miles from Derecktor Shipyard, home to the world's largest boat lift and an international maritime hub.
- Excellent accessibility: Conveniently reached via Seaway Drive with 428 feet of frontage and an average daily traffic count exceeding 18,000 vehicles.
- Dynamic surroundings: Within walking distance of beaches, hotels, restaurants, and Fort Pierce's revitalized downtown arts and entertainment district.
- Prime Waterfront Location : Situated along Seaway Drive with direct access to the Intracoastal Waterway and Atlantic Ocean, the property anchors one of Fort Pierce's most active and desirable coastal corridors.
- Diversified Revenue Streams : Income is supported by a balanced mix of marina operations, residential units, retail spaces, and food & beverage establishments, ensuring stable cash flow across multiple asset classes,
- National Credit Tenancy : Features a 15-year triple-net lease with 7-Eleven, Inc., including four S-year renewal options and 10% rent increases every five years, providing long-term, inflation-protected income with minimal landlord obligations.
- Fully Passive Ownership : The NNN lease structure shifts responsibility for property taxes, insurance, maintenance, and utilities to the tenant, delivering a hands-off investment profile.
- Expansion Potential : Future redevelopment plans allow for marina expansion to more than 150 slips, additional residential and retail development, and enhanced food & beverage offerings, positioning the property for significant long-term upside.
- High Visibility & Accessibility : With -428 feet of frontage on Seaway Drive and exposure to over 18,000 vehicles daily, the property offers excellent visibility and convenient access to U.S. Highway 1, Interstate 95, and Florida's Turnpike.
- Vibrant Coastal Market : Located within Fort Pierce's waterfront revitalization district, the area benefits from strong public and private investment, a growing marine industry, and rising residential and tourism demand.
Listing Contacts
Ascella Group
Listed by Ascella Group
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Zoning
C-5 CommercialSpecial CommercialTourist Commercial
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