4420 Federal HwyJensen Beach, FL 34957

Property Details for 4420 Federal Hwy

Year built

2005

Lot size

1.84 AC

Property size (Sq ft)

14,476 SF

Property type

Retail properties

Property subtype

Drug stores

APN

18-37-41-007-000-00010-0

APU

183741007000000100

Description

This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy situated on a 1.5-acre lot at 4420 NW Federal Hwy, Jensen Beach, FL 34957. The property boasts a strong corporate guarantee and a NNN lease with a remaining term of six years, expiring November 29, 2030. Positioned on a hard corner with excellent visibility, the location benefits from exceptionally high traffic counts exceeding 84,000 vehicles daily, due to its strategic placement on NW Federal Highway and SE Westmoreland Boulevard. The property features a double drive-thru, pylon signage, and convenient ingress/egress points. The asking price is $4,350,000, representing a price per square foot of $298.76 and a 6.11% cap rate with a net operating income (NOI) of $266,000. This Walgreens is surrounded by numerous national retailers, including Home Depot, Lowe's, Publix, Walmart, and more, in a densely populated and growing area midway between Vero Beach and West Palm Beach. The area's population within a 5-mile radius exceeds 116,000, with an average household income over $93,500. This presents a compelling investment opportunity with significant potential for long-term growth and strong returns.

• CAP approach

  CAP return

  Valuation

  6%

  $8,024,118

  6.5%

  $7,406,878

  7%

  $6,877,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,298,994

  Geo Method

  $9,298,994

• Alternative Use

  Use

  Valuation

  Residential

  $6,247,978

  Hospitality

  $5,723,115

  Educational

  $4,761,564

  Medical

  $4,925,322

  Retail

  $7,406,878

Location Insight

City

Jensen Beach

County

Martin

State

Florida

Latitude

27.2593

Longitude

-80.2824

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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