1390 Federal HwyStuart, FL 34994

This exceptional Stuart, Florida storefront, located at 1390 NW Federal Hwy, presents a compelling investment opportunity. The 3,233 square foot building sits on a 0.54-acre lot and boasts 150 feet of frontage on US Highway 1, experiencing daily traffic counts of 55,000 vehicles (2022 survey). Built in 2002 and renovated in 2024, the Class B property features 16 parking spaces and benefits from its proximity to a Publix supermarket and a new Home2 hotel. Currently operating under a 15-year net lease (commencing February 1, 2025, and expiring January 31, 2040) with a corporate guarantee and 100% occupancy, the property offers a strong 7.64% cap rate and a $275,000 net operating income (NOI). The lease includes annual rent bumps of 3% and four 5-year renewal options. The asking price is $3,600,000, translating to $1,113.52 per square foot. This fee-simple ownership opportunity provides excellent visibility and accessibility, making it ideal for a variety of retail, dining, or service-oriented businesses. The property's strategic location, just half a mile north of the Roosevelt Bridge, ensures consistent foot traffic. The ample parking and convenient access to US Highway 1 further enhance its appeal.