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Shopping Strip

VisionWorks & Banfield Pet Hospital | New Construction | 100% Occupied NNN Leases | South Florida

1820 SW Gatlin Blvd, Port St. Lucie, FL 34953

Listing Price: $6,115,000

Cap Rate
6.31%
Gross SF
9,997
Rentable SF
9,997
Price/Gross SF
$611.68
Lot Size
1.30 acres
Year Built
2023

Investment Overview

Port St. Lucie is a vibrant city located in St. Lucie County, Florida, United States. With a population of over 195,000, it is one of the largest cities in the state and has experienced significant growth and development over the years. Known for its attractive and affordable housing options, the city has become a popular destination for both families and retirees looking for a comfortable and serene place to call home. Port St. Lucie boasts a diverse range of recreational activities, including numerous parks, golf courses, and access to beautiful Atlantic Ocean beaches. The city’s commitment to preserving natural spaces is evident in its expansive green spaces and wildlife habitats. Sports enthusiasts will appreciate the presence of the New York Mets’ spring training facility and various sports complexes, making it a hub for sports events and activities. Additionally, the city hosts various cultural events, arts festivals, and entertainment venues, fostering a sense of community engagement and excitement. With a thriving economy, excellent educational institutions, and a strong sense of community, Port St. Lucie continues to be an attractive and inviting place for residents and visitors alike.

Investment Highlights

  • 100% Occupied Strip Center Featuring NNN Leases with Synergistic Mix of National and Regional Tenants. Features 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2023 High Quality Construction w/ 20-Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility near a Signalized Intersection with Traffic Counts Exceeding 46k Vehicles.
  • The Population of the Treasure Coast's Largest City, Port St. Lucie, has more than Doubled since 2000, making it One of the Fastest-Growing Cities in the United States.
  • Minutes from The Landing at Tradition - a 600k+ Sq. Ft. Shopping Center Anchored by Target, Burlington, T.J. Maxx, Michaels, Ross Dress for Less and many more.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 3-Mile Radius and over 151k People Residing within a 5-Mile Radius. Pad to Walmart Supercenter and Surrounded by Numerous other National Retailers including Sam's Club, The Home Depot, Bass Pro Shops, ALDI, Walgreens and many more.
  • Near Cleveland Clinic Tradition Hospital - a State-of-the-art, Acute Care Hospital that Recently Doubled in Size and features 177 Private Rooms, a Dedicated Pediatrics Unit and a Maternity and Neonatal Intensive Care Unit. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Shopping Strip

VisionWorks & Banfield Pet Hospital | New Construction | 100% Occupied NNN Leases | South Florida

Listing Price: $6,115,000

Cap Rate
6.31%
Gross SF
9,997
Rentable SF
9,997
Price/Gross SF
$611.68
Lot Size
1.30 acres
Year Built
2023

Investment Highlights

  • 100% Occupied Strip Center Featuring NNN Leases with Synergistic Mix of National and Regional Tenants. Features 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2023 High Quality Construction w/ 20-Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility near a Signalized Intersection with Traffic Counts Exceeding 46k Vehicles.
  • The Population of the Treasure Coast's Largest City, Port St. Lucie, has more than Doubled since 2000, making it One of the Fastest-Growing Cities in the United States.
  • Minutes from The Landing at Tradition - a 600k+ Sq. Ft. Shopping Center Anchored by Target, Burlington, T.J. Maxx, Michaels, Ross Dress for Less and many more.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 3-Mile Radius and over 151k People Residing within a 5-Mile Radius. Pad to Walmart Supercenter and Surrounded by Numerous other National Retailers including Sam's Club, The Home Depot, Bass Pro Shops, ALDI, Walgreens and many more.
  • Near Cleveland Clinic Tradition Hospital - a State-of-the-art, Acute Care Hospital that Recently Doubled in Size and features 177 Private Rooms, a Dedicated Pediatrics Unit and a Maternity and Neonatal Intensive Care Unit. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Port St. Lucie is a vibrant city located in St. Lucie County, Florida, United States. With a population of over 195,000, it is one of the largest cities in the state and has experienced significant growth and development over the years. Known for its attractive and affordable housing options, the city has become a popular destination for both families and retirees looking for a comfortable and serene place to call home. Port St. Lucie boasts a diverse range of recreational activities, including numerous parks, golf courses, and access to beautiful Atlantic Ocean beaches. The city’s commitment to preserving natural spaces is evident in its expansive green spaces and wildlife habitats. Sports enthusiasts will appreciate the presence of the New York Mets’ spring training facility and various sports complexes, making it a hub for sports events and activities. Additionally, the city hosts various cultural events, arts festivals, and entertainment venues, fostering a sense of community engagement and excitement. With a thriving economy, excellent educational institutions, and a strong sense of community, Port St. Lucie continues to be an attractive and inviting place for residents and visitors alike.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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