Badcock Home Furniture & More
Offerings
Badcock Home Furniture & More
5045 US-1 South
Fort Pierce (Port St. Lucie MSA), FL
- Price:
- $3,926,000
- Cap Rate:
- 6.75%
- NOI:
- $265,000
- Rentable SQFT:
- 22,277 SF
- Year Built:
- 1988
- Lot Size:
- 1.42 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- 2% Annual Rental Increases Beginning in Year 3
- Strong Franchisee Guaranty with 17-Units
- Over 102,000 Residents and 30,000 Employees within a 5-Mile Radius
- Average HH Income Exceeds $74,000 within a 5-Mile Radius
- Adjacent to Winn Dixie, Planet Fitness, Family Dollar and CVS
- Located at Signalized, Hard Corner Intersection with 60,000+ Cars/Day
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