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Fifth Third Bank | Trophy Publix Outparcel 10959 SW Village Pky

1,900 SF 4-Star Retail Building Port Saint Lucie, FL 34987 $4,581,824 CAD ($2,411.49 CAD/SF) 4.25% Cap Rate

Mixed Use Properties Florida Port Saint Lucie 10959 SW Village Pky, Port Saint Lucie, FL 34987

INVESTMENT 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
  • Fifth Third is rated A- by Fitch and operates +/- 1,200 branhces across 10 states
  • Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
  • Full access from signalized intersection shared by Publix, Fresh Market, Target, TJ Maxx, Ulta, LA Fitness, and Panera Bread
  • 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
  • Fixed 10% increases provide hedge against inflation and an average return of 4.93% over the base term of the lease

EXECUTIVE SUMMARY

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.

PROPERTY FACTS In Escrow

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,900 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$4,581,824 CAD
Price Per SF
$2,411.49 CAD
Cap Rate
4.25%
NOI
$194,756 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.77 AC
Zoning
MASTER PLA - master plan
Frontage
111’ on Southwest Village Parkway

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • fifth third bank
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
fifth third bank - - - -

LINKS

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NEARBY MAJOR RETAILERS

Fifth Third Bank
Great Greek Mediterranean Grill
Truist
HOTWORX
Hurricane Grill & Wings
Starbucks
The Fresh Market
LongHorn Steakhouse
Olive Garden
PDQ

PROPERTY TAXES

Parcel Number 4310-702-0001-000-6 Improvements Assessment $0 CAD
Land Assessment $950,337 CAD Total Assessment $950,337 CAD

PROPERTY TAXES

Parcel Number
4310-702-0001-000-6
Land Assessment
$950,337 CAD
Improvements Assessment
$0 CAD
Total Assessment
$950,337 CAD
(561) 427-6699 x1027

CONTACT

  • Listing ID: 33111382

  • Date on Market: 2024-09-09

  • Last Updated:

  • Address: 10959 SW Village Pky, Port Saint Lucie, FL 34987

The Tradition Retail Property at 10959 SW Village Pky, Port Saint Lucie, FL 34987 is currently available. Contact Atlantic Capital Partners for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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Fifth Third Bank | Trophy Publix Outparcel | 10959 SW Village Pky
(561) 427-6699 x 1027

Fifth Third Bank | Trophy Publix Outparcel | 10959 SW Village Pky

Patrick Wagor

(561) 427-6699

x1027

(561) 427-6699 x1027

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