

3405 Northwest Federal Highway
Below Market at $3M –Leased Medical Strip on US‑1 Offering Strong In‑Place Cash F
Marketing description
Investment highlights
100% leased medical mix: Five tenants including Stuart Urgent Care, Calvary Community Church, North Stuart Physical Therapy, Electrolysis Laser Center, and TCMA Care, all in-place with no vacancy.
Healthcare tenancy: Majority of GLA occupied by medical and wellness users (urgent care, physical therapy, laser/electrolysis, and urgent care-style clinic), benefiting from Port St. Lucie’s aging and healthcare-oriented population base.
High-visibility US‑1 frontage: Approx. 288 feet of frontage on NW Federal Highway with pylon signage in a “Somewhat Walkable” corridor (Walk Score mid‑50s).
Ample surface parking: 113 surface parking spaces, 7.9 spaces per 1,000 SF ratio, ideal for medical and high-visit uses.
Dense, affluent trade area: 5‑mile population of ~120,000 with median household income in the mid‑$60,000s and strong 5‑year growth projections.
Strong traffic counts: US‑1/Federal Highway traffic exceeding 50,000–70,000 vehicles per day within a half‑mile of the site, driving daily visibility and tenant demand.
Tight retail market: Port St. Lucie retail vacancy around low‑4% with strip centers near 3.8% vacancy and market rents around $24/SF Modified Gross, supporting rent growth and backfill strength.
Limited competing vacancy: Peer strip centers in the immediate trade area are effectively fully leased with availability rates near 0% and NNN rents generally in the high‑teens to mid‑$20s per SF.
Pro-growth regional fundamentals: Port St. Lucie metro population ~550,000 with strong net migration, above‑average homeownership, and growing healthcare employment base fueling long‑term retail and medical demand.
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