7075 Indrio RdFort Pierce, FL 34951

Property Details for 7075 Indrio Rd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.97 AC

Property size (Sq ft)

6,765 SF

Zone code

COMM GENRA

Property type

Retail properties

Property subtype

Retail space

APN

1313-321-0001-000-7

APU

131332100010007

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,785 square foot retail property located at 7075 Indrio Road, Fort Pierce, Florida, 34951. The property, built in 1999, is currently 100% occupied by a portfolio of nationally recognized auto parts retailers including AutoZone, Advanced Auto Parts, O'Reilly Auto Parts, Goodyear Auto Service, and AutoNation. The property benefits from a triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring consistent rental income. The current lease, signed in 2020, has a remaining term of 8.5 years, extending to August 31, 2033, with four, five-year renewal options. The lease includes attractive 10% rent bumps every five years, providing significant long-term growth potential. The property sits on a 0.97-acre lot and generates a substantial net operating income (NOI) of $77,645, resulting in a compelling 6.00% cap rate. The property's strategic location across from a Winn-Dixie anchored center, alongside other national retailers such as CVS, 7-Eleven, McDonald's, and Dollar Tree, ensures high visibility and consistent traffic. The surrounding area boasts a strong demographic profile, with an average household income of $80,250 and a projected 16.15% population growth over the next five years, further enhancing the investment's value. The asking price for this exceptional investment is $1,294,098. This is a rare opportunity to acquire a high-performing, net-leased retail property with a strong tenant base and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,751,976

  6.5%

  $3,463,362

  7%

  $3,215,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,345,654

  Geo Method

  $4,345,654

• Alternative Use

  Use

  Valuation

  Residential

  $2,921,476

  Hospitality

  $2,676,056

  Educational

  $2,226,447

  Medical

  $2,303,018

  Retail

  $3,463,362

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.5206

Longitude

-80.396

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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