842 SW Glenview Ct - Retail FOR SALE


Port Saint Lucie, FL 34953
$1,500,000 USD
772-419-0402
842 SW Glenview Ct, Port Saint Lucie, FL for Sale
$1,500,000 USD
Retail - FOR SALE
1/19
null | 5.98% Cap Rate

842 SW Glenview Ct
Port Saint Lucie, FL 34953


HIGHLIGHTS

  • Existing tenant signed 10 year lease extension with rent bump after 5 years plus optional 5 year extension with rent bump after 10 years

OVERVIEW

Triple net investment lot and building for sale on the Treasure Coast in Port Saint Lucie. Located on Glenview Court, just off Port St. Lucie Blvd., west of the Florida Turnpike. Glenview Court is an attractive cul-du-sac with the school, a house of worship, an office building and two vacant lots. This lot is almost 3/4 of an acre with a 5,354 sq. ft. concrete block school building constructed in 1988. Original lease dates to 1989 has been amended and made current. A new 10 year lease extension beginning in 2025 has just been signed. Building is maintained at tenant's expense. Taxes and insurance paid by tenant making this a true triple net lease, according to owner. Tenant operates schools throughout Florida and the country.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

5.98%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Petite Academy

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

NEIGHBORHO

APN/PARCEL ID

3420-556-0005-000-2

ASK ABOUT THIS PROPERTY

Stephen DutcherIllustrated PropertiesMore Info
772-419-0402

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

Stephen DutcherIllustrated PropertiesMore Info
772-419-0402

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