2095 US HWY 1 S Vero Vero Beach, FL 32962

Listing agency FL Retail Advisors b***@gmail.com Show Phone

Listed by Brian Capo · License #SL3267919 Show Phone

Source Thebrokerlist

Added: Feb 18 Updated: Jul 22 at 6:37AM Checked: Jul 22 at 6:37AM

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Investment Insights

Based on property information with market context.

This offering features new build-to-suit construction on an oversized 2.54± acre parcel with direct frontage to US Highway 1 South. The property is leased under a new 15-year net lease structure with 10% increases at the commencement of each renewal option period.

The lease includes three (3) five-year renewal option periods, providing scheduled rent escalations at the start of each option period. The location provides direct exposure along a prominent commercial corridor, with the subject described as exposing to over 25K vehicles per day.

The lease is described as investment grade, with the tenant rated 'BBB' by S&P and Baa2 by Moody's. The tenant is Dollar General.

Key Highlights

• New build‑to‑suit retail construction on an oversized 2.54±AC parcel
• Direct frontage to US Hwy 1 S with exposure to over 25K vehicles per day (AADT)
• 15‑year lease with 10% increases at commencement of each of the three 5‑year renewal option periods

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FAQs

What type of property is this?

NNN property - New build-to-suit retail property on an oversized parcel with direct US Hwy 1 south frontage.

Where is this nnn property located?

The property is located at 2095 US HWY 1 S Vero Vero Beach, FL.

What is the asking price?

The asking price for this property is $3,173,672.

What are key features of this property?

This property features: New build‑to‑suit retail construction on an oversized 2.54±AC parcel; Direct frontage to US Hwy 1 S with exposure to over 25K vehicles per day (AADT); 15‑year lease with 10% increases at commencement of each of the three 5‑year renewal option periods