1831 US 1 hwy - Car Washes FOR SALE


Fort Pierce, FL 34946
$4,997,000 USD
954-302-7365
1831 US 1 hwy, Fort Pierce, FL for Sale
$4,997,000 USD
Car Washes - FOR SALE
1/11
null | 6.5% Cap Rate

1831 US 1 hwy
Fort Pierce, FL 34946


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Guaranteed Lease | Annual Rental Increases | Options To Extend
  • Bonus Depreciation | Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax

OVERVIEW

Fort Pierce, FL - Population Growth • Since COVID, Fort Pierce has experienced significant population growth • Fort Pierce has had 18.5% population growth over the last decade, exceeding the state’s population growth of 14.2% • 2.5% year over year population growth for the past six years Fronting US Hwy 1 | Taylor Creek Commons | King’s Landing | Treasure Coast International Airport (FPR) • The subject property is strategically fronting US Hwy 1 averaging 39,100 VPD • Next to Taylor Creek Commons, a 60,000 SF Publix-anchored neighborhood center that features national tenants such as CVS, Family Dollar, Wendy’s, and more • Located 4 miles from Treasure Coast International Airport (FPR) • The most recent development project underway in Fort Pierce is called King’s Landing, set to be built on the seven acres of land between Second Street and Indian River Drive in downtown Fort Pierce • The King’s Landing development, set to break ground Q4 2023, will include: • 116 residential units • 106 condos • 140-room hotel • 35,000 SF of restaurant space • 17,000 SF of retail • 179-space parking garage, 129 surface spaces – 308 total parking spaces

FOR SALE DETAILS

PRICE

$4,997,000 USD

PRICE/SF

$1,325 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash - Port St. Lucie MSA

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,140 SF

ZONING

C-3

APN/PARCEL ID

24-04-111-0006-0009

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.