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.
Badcock Home Furniture & More
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
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
Financing By
