2061 S US Hwy 1, Fort Pierce, FL 34950

Property Highlights

• Long-Term Lease with Built-In Increases: Over 8 years of remaining lease term with 3% annual rent escalations, providing predictable income growth for investors.

• Triple-Net (NNN) Lease: The tenant is responsible for all property operating expenses, including taxes, insurance, and maintenance (excluding structural components), offering investors a passive investment with minimal management responsibilities.

• Experienced Multi-State Operator: The property is leased to Mint Cannabis, a well-established operator with 30+ dispensaries across six states. Mint expanded into Florida in 2024 through the strategic acquisition of The Cannabist Co., adding 14 dispensaries and two cultivation/manufacturing facilities to its portfolio.

• No Lease Renewal Options: The lease contains no tenant renewal options, allowing investors to capture potential upside through a market-rate lease renegotiation at expiration in 2034.

• Large Parcel with Future Potential: Situated on a ±0.70-acre lot, the property offers ample on-site parking and potential future redevelopment or expansion opportunities.

• Prime U.S. 1 Visibility (±30,500+ VPD): Strategically positioned along U.S. Route 1 in Fort Pierce, this Mint Cannabis location benefits from excellent visibility and exposure to more than ±30,500 vehicles per day along one of the region’s primary commercial corridors. U.S. Route 1 serves as a major north–south thoroughfare along Florida’s East Coast, running parallel to I-95 and connecting key coastal markets from Miami through the Treasure Coast to Jacksonville.

• Strong Retail Synergy: The property is located as an outparcel to Gateway Plaza, a well-established retail center anchored by Harbor Freight, Ross, Rack Room Shoes, Burlington, and Planet Fitness. The site is also directly adjacent to Wawa, a newly developed Starbucks, and Chase Bank, creating strong retail synergy, cross-shopping opportunities, and consistent consumer traffic.

• Residential Growth: The surrounding trade area is experiencing significant residential expansion, with households within a 5-mile radius projected to grow approximately 8.19% annually through 2029. This growth rate significantly exceeds national averages, supporting long-term retail demand and increasing consumer spending throughout the corridor.