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31115307
31115308

1401 SE Village Green Dr, Port St. Lucie, FL 34952

JL
FL SL3510801
Matthews
AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
Listed by Matthews
$3,687,493
83 days on market
Updated 76 days ago

Dunkin' Two-Tenant Retail Building

Details
APN 3435-601-0021-000-3
Property Type Retail
Sub Type Pharmacy/Drug, Shopping Center (+1)
Square Footage 4,082
Net Rentable (SqFt) 4,082
Units 2
Cap Rate 7.5%
NOI $276,562
Occupancy 100%
Tenancy Multi
Brand/Tenant Dunkin', Cookies
Lease Type NNN
Rent Bumps Yes
Lease Options Yes
Year Built 2006
Acreage 0.900
Parking Spaces 40 spaces
Parking Per SqFt 9.80
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple

NNN Leases | 7.50% CAP | Signalized-Hard Corner | High Growth Market

Investment highlights

Property Highlights

  • National Brand Tenants: The property is leased to Dunkin' and Cookies, two nationally recognized brands with long established operating platforms, providing a stable income stream backed by strong tenants.

  • Proven Long-Term Tenant Commitment: Dunkin’ has successfully operated at this location for approximately 20 years, consistently exercising lease renewals and demonstrating a strong commitment to the site.

  • Absolute NNN Leases: Both Dunkin’ and Cookies operate under triple-net (NNN) leases, with the tenants responsible for their pro-rata share of taxes, insurance, and common area maintenance (CAM), minimizing landlord responsibilities.

  • 100% Occupied: With full occupancy, this property delivers immediate, true passive income. Long-term leases with built-in rental escalations provide stable cash flow and a natural hedge against inflation.

  • Large Parcel Size: Positioned on a ±0.90-acre site, the property offers strong residual land value and potential for future redevelopment.

  • End-Cap Drive Through: Features a Dunkin’ end-cap drive-through designed to capture on-the-go customers, maximize daily traffic, and support strong tenant performance.

Location Highlights

  • Signalized Hard Corner Location: The property sits on a signalized corner lot along U.S. Hwy 1 (±58,500 VPD), providing excellent visibility, convenient access, and strong exposure to daily consumer traffic. U.S Route 1 serves as one of the East Coast of Florida’s primary north–south thoroughfares, running parallel to I-95 and connecting numerous coastal communities from Miami through the Treasure Coast and up to Jacksonville.

  • Strong Retail Corridor: The site is located within an established retail corridor surrounded by national retailers and major traffic destinations such as 7-Eleven, Treasure Coast Square Mall (which sees ±1.9 million visitors annually), ALDI, Publix, Walmart, Lowe’s & several others.

  • Strong Demographics: The property benefits from a dense population of 143,476 residents within a 5-mile radius, which is projected to grow by 9.95% over the next five years, supporting continued consumer traffic and retail demand.

Listing Contacts

JL
FL SL3510801
Matthews
AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,562.00
$23,046.83/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Jake Lurie
License
SL3510801
Name
Alexander Machado
License
SL3507121
Name
Daniel Gonzalez
License
SL3463209 (FL)
Brokerage Phone
3053956972
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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