1390 Federal HwyStuart, FL 34994

Property Details for 1390 Federal Hwy

Year built

2002

Lot size

0.54 AC

Property size (Sq ft)

3,233 SF

Property type

Retail properties

Property subtype

Retail space

APN

29-37-41-001-013-00010-5

APU

293741001013000105

Description

This exceptional Stuart, Florida storefront, located at 1390 NW Federal Hwy, presents a compelling investment opportunity. The 3,233 square foot building sits on a 0.54-acre lot and boasts 150 feet of frontage on US Highway 1, experiencing daily traffic counts of 55,000 vehicles (2022 survey). Built in 2002 and renovated in 2024, the Class B property features 16 parking spaces and benefits from its proximity to a Publix supermarket and a new Home2 hotel. Currently operating under a 15-year net lease (commencing February 1, 2025, and expiring January 31, 2040) with a corporate guarantee and 100% occupancy, the property offers a strong 7.64% cap rate and a $275,000 net operating income (NOI). The lease includes annual rent bumps of 3% and four 5-year renewal options. The asking price is $3,600,000, translating to $1,113.52 per square foot. This fee-simple ownership opportunity provides excellent visibility and accessibility, making it ideal for a variety of retail, dining, or service-oriented businesses. The property's strategic location, just half a mile north of the Roosevelt Bridge, ensures consistent foot traffic. The ample parking and convenient access to US Highway 1 further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,791,822

  6.5%

  $1,653,990

  7%

  $1,535,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,076,792

  Geo Method

  $2,076,792

• Alternative Use

  Use

  Valuation

  Residential

  $1,395,202

  Hospitality

  $1,277,998

  Educational

  $1,063,279

  Medical

  $1,099,847

  Retail

  $1,653,990

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.2217

Longitude

-80.2641

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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