5311 Turnpike Feeder RdFort Pierce, FL 34951

Property Details for 5311 Turnpike Feeder Rd

Year built

2012

Construction

CONCRETE

Lot size

1.16 AC

Property size (Sq ft)

9,110 SF

Zone code

COMM NEIGH

Property type

Retail space

APN

1312-703-0001-000-6

APU

131270300010006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,215,888

  6.5%

  $4,814,666

  7%

  $4,470,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,852,020

  Geo Method

  $5,852,020

• Alternative Use

  Use

  Valuation

  Residential

  $4,061,350

  Hospitality

  $3,720,175

  Educational

  $3,095,142

  Medical

  $3,201,589

  Retail

  $4,814,666

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.5306

Longitude

-80.392

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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