Walgreens on 1.8 Acres | Hard Corner 58K VPD | Long-Term
Retail | 7.18% CAP | 13,569 SqFt
Marketing description
Marcus & Millichap is Pleased to Present the Exclusive Opportunity to Acquire a High-Performing Walgreens Located at 1954 SW Gatlin Blvd in Port Saint Lucie, Florida. This Corporate-Leased Asset Occupies a Highly Visible Signalized Corner Along Gatlin Blvd, Which Carries Approximately 58,500 Vehicles per day.
The Property Benefits From Excellent Access, Outstanding Visibility, and Strong Consumer Traffic Within one of Florida's Fastest-Growing Metropolitan Areas. Positioned Within a Dense and Expanding Residential Trade Area, the Property Serves More Than 168,000 Residents Within Five Miles, With Population Projected to Exceed 187,000 by 2030. Average Household Income Exceeds $93,000 Within the Surrounding Trade Area.
Port Saint Lucie is Driven by Affordable Housing, Business Expansion, and Quality of Life — Including the New York Mets Spring Training Complex.
The Property Offers Stable Cash Flow Backed by one of the Nation's Largest Pharmacy Operators, With a Corporate Guarantee and 8+ Years of Remaining Lease Term. The Premier Corner Location Along a Major Commercial Corridor Pprovides Exceptional Long-Term Residual Value.
Investment highlights
- Signalized Hard Corner With Exposure To 58,500 VPD Along Gatlin Blvd Plus 3,800 VPD On SW Fondura Rd, Providing Outstanding Visibility And Access.
- Located In One Of Florida's Fastest-Growing Cities With The 5-Mile Population Projected To Reach 187,000+ Residents By 2030
- Robust Household Growth With More Than 64,600 Households Today And Nearly 72,500 Projected Within Five Miles By 2030.
- Affluent Consumer Base With Average Household Income Exceeding $93,000 Within A Five-Mile Radius.
- Dense Residential Trade Area Supported By More Than 168,000 Residents And 114,800 Daytime Employees Within Five Miles.
- Port St. Lucie Benefits From Strong Population Growth, Affordable Housing, And Continues To Rank Among Florida's Premier Relocation Markets.
- Tourism And Economic Drivers Include New York Mets Spring Training, Atlantic Beaches, Golf, Healthcare, And A Growing Service Economy.
- High Homeownership, Expanding Residential Development, And Strong Household Growth Continue To Support Long-Term Retail Demand.
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