5501 Orange Ave - Convenience Store FOR SALE


Fort Pierce, FL 34947
$7,580,000 USD
415-690-5522
5501 Orange Ave, Fort Pierce, FL for Sale
$7,580,000 USD
Convenience Store - FOR SALE
1/5
null | 5.35% Cap Rate

5501 Orange Ave
Fort Pierce, FL 34947


HIGHLIGHTS

  • New 15-Year Absolute NNN Lease with Investment Grade Credit
  • Strategic Location Just Off Interstate 95 and Four Miles from the Atlantic Ocean
  • 65,534 Residents Within Five Miles and Affluent Incomes of $68,826 Per Household Within One Mile

OVERVIEW

This 7-Eleven is located strategically along Orange Avenue, a major east-west Fort Pierce thoroughfare which leads directly to the Atlantic Ocean four miles east The property maintains excellent proximity to Interstate 95, the main north–south Interstate Highway on the East Coast of the U.S., running from U.S. Route 1 in Miami, Florida, north to the Houlton–Woodstock Border Crossing between Maine and the Canadian province of New Brunswick (73,811 AADT) The location offers multiple access points to a combined 24,800 vehicles per day at the signalized intersection of Orange Avenue and Jenkins Road 63,534 residents live within a five-mile radius of the property, creating an extremely large and reliable customer base for the site The property is also supported by an affluent customer base, with an average annual household income of $68,826 within one mile of the property The site resides three miles from Indian River State College, the second-largest employer in St. Lucie County (22,000+ employees, 2,265 students)

FOR SALE DETAILS

PRICE

$7,580,000 USD

PRICE/SF

$1,630 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

COMM GENRA

APN/PARCEL ID

2407-701-0002-000-1

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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