10959 SW Village Pky - Storefront Retail/Office FOR SALE
Port Saint Lucie, FL 34987 |
$3,176,000 USD
561-427-6699
10959 SW Village Pky
Port Saint Lucie, FL 34987
HIGHLIGHTS
- Rare Publix outparcel at the main entrance to Tradition, one of Florida's largest and most successful master planned communities (40,000 residential u
- Full access from signalized intersection shared by Publix, Fresh Market, Target, TJ Maxx, Ulta, LA Fitness, and Panera Bread
- Fifth Third is rated A- by Fitch and operates +/- 1,200 branhces across 10 states
- Tradition is an 8,300 acre master-planned community that has grown annually by 10% - 13% with average household incomes exceeding $114,000 in 1 mile
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
- Fixed 10% increases provide hedge against inflation and an average return of 4.93% over the base term of the lease
OVERVIEW
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year Fifth Third Bank ground lease in Port St. Lucie, FL. Fifth Third is currently under construction and is scheduled to open in November. Rent is set to commence October 14 and will increase 10% every 5 years during the base term and option periods.
FOR SALE DETAILS
PRICE
$3,176,000 USD
PRICE/SF
$1,672 USD /SF
CAP RATE
4.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fifth Third Bank | Trophy Publix Outparcel
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Bank, Fast Food, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.77 AC
LAND SF
33,370 SF
ZONING
MASTER PLA
APN/PARCEL ID
4310-702-0001-000-6
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561-427-6699
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561-427-6699
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