Freestanding Furniture Retail
For Sale
Contact for pricing
Pending
5045 US-1, Fort Pierce, FL 34982
Absolute NNN leased freestanding Badcock Home Furniture & More property at a signalized corner intersection.
Property SizeContact for details
Days on Market148
Property Features for 5045 US-1
General Information
Standard status
Pending
Property subtype
Retail
Lease Type
NNN
Additional Details
Lease Term
180 months
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 2 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Freestanding retail property offered for fee simple ownership with an absolute NNN lease to Badcock Home Furniture & More. The tenant recently signed a brand new 15-year lease with four additional five-year options. Rent increases are structured at 2% annually starting in year 3 and continuing through the option periods, with no landlord responsibilities noted for the absolute NNN arrangement.
Located in Fort Pierce, Florida (Port St. Lucie MSA), the property sits at the signalized, hard corner intersection of U.S. Highway 1 and Midway Road. The site is adjacent to Town South Plaza, a 120,000 SF community center featuring tenants including Winn Dixie, Planet Fitness, Family Dollar, and CVS. Access is supported by multiple ingress/egress points, and visibility is enhanced by a large pylon sign along U.S. Highway 1, with traffic cited in the materials at 41,300 VPD.
The offering is presented as an investment with long-term, credit-tenant area support, and the surrounding trade area includes additional national retailers mentioned in the materials such as Publix, Big Lots, Staples, Walgreens, and American Freight.
Located in Fort Pierce, Florida (Port St. Lucie MSA), the property sits at the signalized, hard corner intersection of U.S. Highway 1 and Midway Road. The site is adjacent to Town South Plaza, a 120,000 SF community center featuring tenants including Winn Dixie, Planet Fitness, Family Dollar, and CVS. Access is supported by multiple ingress/egress points, and visibility is enhanced by a large pylon sign along U.S. Highway 1, with traffic cited in the materials at 41,300 VPD.
The offering is presented as an investment with long-term, credit-tenant area support, and the surrounding trade area includes additional national retailers mentioned in the materials such as Publix, Big Lots, Staples, Walgreens, and American Freight.
Key Highlights
- Absolute NNN leased, fee simple (land & building) freestanding Badcock Home Furniture & More property
- Tenant signed a brand new 15‑year lease with 4 (5‑year) options to extend
- Lease includes 2% annual rental increases starting in year 3 and through the option periods
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN leased freestanding Badcock Home Furniture & More property at a signalized corner intersection.
Where is this nnn property located?
The property is located at 5045 US-1 Fort Pierce, FL.
What are key features of this property?
This property features: Absolute NNN leased, fee simple (land & building) freestanding Badcock Home Furniture & More property; Tenant signed a brand new 15‑year lease with 4 (5‑year) options to extend; Lease includes 2% annual rental increases starting in year 3 and through the option periods
