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Shopping Strip

Dunkin Anchored Two-Tenant w/ Drive-Thru

7850 SW Lost River Rd, Stuart, FL 34997

Listing Price: $1,900,000

Cap Rate
7.27%
Gross SF
4,730
Rentable SF
4,730
Price/Gross SF
$401.69
Lot Size
1.32 acres
Year Built
2004

Investment Overview

Marcus & Millichap had been exclusively retained by ownership for the disposition of their fee simple interest in Blake Center located in Stuart, Martin County, Florida. The asset sits on 1.32 acres of land consisting of two tenants, Dunkin with Drive-Thru and LaForchetta Restaurant, who are the original tenants when the building was constructed in 2004. The tenant's leases are structured as triple net in order to protection ownership from return erosion due to expense inflation. In addition, ownership completely replaced the roof in 2020.

Blake Center is located just off Interstate 95's Exit 101 and strategically situated between a Holiday Inn Express and Wendy's. The combined average daily traffic counts on Interstate 95 and SW Kanner Highway are 110,138 vehicles per day with a five mile density of 61,887 people and an average household income of $82,781.

Investment Highlights

  • Two tenant retail anchored by Dunkin with Drive-Thru and LaForchetta Restaurant.
  • Both tenants are the original tenants from 2004 when the property was constructed.
  • Triple net lease structures provide protection against inflation.
  • In 2020, Ownership installed a new roof on the building for $60,000.
  • Strategically located just off Interstate 95 (Exit 101) off ramp.
  • Situated between a Holiday Inn Express and Wendys.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Shopping Strip

Dunkin Anchored Two-Tenant w/ Drive-Thru

Listing Price: $1,900,000

Cap Rate
7.27%
Gross SF
4,730
Rentable SF
4,730
Price/Gross SF
$401.69
Lot Size
1.32 acres
Year Built
2004

Investment Highlights

  • Two tenant retail anchored by Dunkin with Drive-Thru and LaForchetta Restaurant.
  • Both tenants are the original tenants from 2004 when the property was constructed.
  • Triple net lease structures provide protection against inflation.
  • In 2020, Ownership installed a new roof on the building for $60,000.
  • Strategically located just off Interstate 95 (Exit 101) off ramp.
  • Situated between a Holiday Inn Express and Wendys.

Investment Overview

Marcus & Millichap had been exclusively retained by ownership for the disposition of their fee simple interest in Blake Center located in Stuart, Martin County, Florida. The asset sits on 1.32 acres of land consisting of two tenants, Dunkin with Drive-Thru and LaForchetta Restaurant, who are the original tenants when the building was constructed in 2004. The tenant's leases are structured as triple net in order to protection ownership from return erosion due to expense inflation. In addition, ownership completely replaced the roof in 2020.

Blake Center is located just off Interstate 95's Exit 101 and strategically situated between a Holiday Inn Express and Wendy's. The combined average daily traffic counts on Interstate 95 and SW Kanner Highway are 110,138 vehicles per day with a five mile density of 61,887 people and an average household income of $82,781.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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