1831 Us Highway 1Fort Pierce, FL 34946

Property Details for 1831 Us Highway 1

Year built

2024

Lot size

1.49 AC

Property size (Sq ft)

3,770 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a newly constructed Caliber Car Wash located in Fort Pierce, Florida, at 1831 N US Hwy 1, 34946. Boasting a 3,770 square foot building on a 1.49-acre lot, this single-tenant property offers a 19.3-year remaining lease term (commencing February 29, 2024 and expiring February 29, 2044) with attractive 1.5% annual rent bumps. The property benefits from a strong Net Operating Income (NOI) of $320,000, resulting in a 6.50% cap rate. The asking price is $4,923,000. This prime location fronts US Highway 1, averaging 39,100 vehicles per day, and enjoys proximity to Taylor Creek Commons, a significant Publix-anchored shopping center featuring national retailers. Furthermore, its location is just 4 miles from Treasure Coast International Airport (FPR). The area is experiencing substantial population growth, exceeding state averages, making this a compelling investment in a thriving market. The lease includes four 5-year options. The property's APN is 2404-111-0006-000-9. The property is situated within a dynamic area experiencing significant development, including the upcoming King's Landing project, which will add residential units, a hotel, and substantial retail space to the immediate vicinity. This car wash is a turnkey investment with significant upside potential.

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.4681

Longitude

-80.3337

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