For Sale
$1,675,000

5311 Turnpike Feeder Rd Fort Pierce, FL 34951

High-Yield Florida Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
136
This fee-simple, absolute NNN Dollar General property in Fort Pierce, Florida offers a compelling investment opportunity. The 9,110 square foot convenience store, built in 2012, sits on a 1.16-acre lot at 5311 Turnpike Feeder Rd, 34951, benefiting from high traffic counts exceeding 13,600 vehicles daily. The property boasts a strong 8.51% cap rate, generating a net operating income (NOI) of $142,547. The corporate-guaranteed lease provides significant security, with a remaining term of approximately 2.9 years expiring September 29, 2027. This single-tenant property enjoys 100% occupancy and benefits from a robust demographic profile, with over 54,000 people residing within a 5-mile radius. The property's location on Turnpike Feeder Road ensures high visibility and accessibility. This is a low-maintenance, high-return investment ideal for passive income seekers. The property's classification includes convenience store, QSR/fast food, and storefront. The investment type is a net lease, specifically a net-leased discount store.

Highlights

  • Absolute NNN Lease with corporate guarantee.
  • Prime Turnpike Feeder Road location in Fort Pierce, FL, high traffic counts (13,600+ daily).
  • Strong demographics: 54,000+ population within 5-mile radius.

Property Details for 5311 Turnpike Feeder Rd

Property type
Retail properties, Retail space
Year Built
2012
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.5306184
Longitude
-80.3920118

FAQs

What type of property is this?
Retail property - High-Yield Florida Retail Property
Where is the retail property located?
The property is located at 5311 Turnpike Feeder Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Absolute NNN Lease with corporate guarantee.; Prime Turnpike Feeder Road location in Fort Pierce, FL, high traffic counts (13,600+ daily).; Strong demographics: 54,000+ population within 5-mile radius.
How can I contact the broker?
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5311 Turnpike Feeder Rd
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