3025 Port St Lucie BlvdPort St. Lucie, FL 34953

Property Details for 3025 Port St Lucie Blvd

Year built

2018

Construction

CONCRETE BLOCKS

Lot size

0.73 AC

Property size (Sq ft)

2,865 SF

Zone code

GENERAL CO

Property type

Drive through restaurants

APN

4418-703-0001-000-0

APU

441870300010000

Description

This exceptional investment opportunity presents a 2,201 square foot Zaxby's restaurant located at 3025 SW Port St Lucie Blvd, Port St Lucie, FL 34953. The property is situated on a 0.73-acre lot and operates under an absolute NNN lease with a remaining term of 10 years, including four (5) year renewal options. The lease features 2% annual rent bumps, ensuring consistent income growth. The current asking price is $2,665,000, representing a 6.75% cap rate and a price per square foot of $1,210.81. The property boasts a 100% occupancy rate and generates a strong net operating income (NOI) of $179,984. Benefiting from its location as an outparcel to a Walmart Neighborhood Market and Sympatico Plaza, this Zaxby's enjoys excellent visibility and accessibility from Port St Lucie Blvd, a major retail thoroughfare with high traffic volume. The property benefits from a dedicated turn lane and signalized intersection access. The surrounding area demonstrates significant population growth, making this a compelling investment in a thriving market. The strong tenant, Zaxby's, and the favorable lease terms contribute to the overall attractiveness of this offering. This property is a single-building retail investment with a proven track record of success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,487,560

  6.5%

  $1,373,132

  7%

  $1,275,051

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,840,399

  Geo Method

  $1,840,399

• Alternative Use

  Use

  Valuation

  Residential

  $1,158,288

  Hospitality

  $1,060,986

  Educational

  $882,728

  Medical

  $913,086

  Retail

  $1,373,132

Location Insight

City

Port Saint Lucie

County

St. Lucie

State

Florida

Latitude

27.2536

Longitude

-80.3763

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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