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Department Store

Badcock Home Furniture & More

5045 US-1, Fort Pierce (Port St. Lucie MSA), FL 34982

Listing Price: $3,926,000

Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
22,277
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.90

Investment Overview

Marcus & Millichap is pleased to present the Badcock in Fort Pierce, FL.

Investment Highlights

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 2% Annual Rental Increases Beginning in Year 3
  • Strong Franchisee Guaranty with 17-Units
  • Over 102,000 Residents and 30,000 Employees within a 5-Mile Radius
  • Average HH Income Exceeds $74,000 within a 5-Mile Radius
  • Adjacent to Winn Dixie, Planet Fitness, Family Dollar and CVS
  • Located at Signalized, Hard Corner Intersection with 60,000+ Cars/Day

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Department Store

Badcock Home Furniture & More

Listing Price: $3,926,000

Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
22,277
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.90

Investment Highlights

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 2% Annual Rental Increases Beginning in Year 3
  • Strong Franchisee Guaranty with 17-Units
  • Over 102,000 Residents and 30,000 Employees within a 5-Mile Radius
  • Average HH Income Exceeds $74,000 within a 5-Mile Radius
  • Adjacent to Winn Dixie, Planet Fitness, Family Dollar and CVS
  • Located at Signalized, Hard Corner Intersection with 60,000+ Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Badcock in Fort Pierce, FL.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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