Freestanding Furniture Retail
5045 US-1 Fort Pierce, FL 34982
5045 US-1, Fort Pierce, FL, 34982
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For Sale
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Pending
Absolute NNN leased freestanding Badcock Home Furniture & More property at a signalized corner intersection.
Days on Market102
Property Features for 5045 US-1
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 12:15PM Checked: Jul 21 at 12:15PM
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
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
