Freestanding NNN Ground Lease
For Sale
$1,300,000
5547 SE Federal Highway, Stuart, FL 34997
Corporate-backed occupancy supports a single-tenant freestanding commercial asset with an established operating history.
Property Size2,205 SF
Price / SF$589.57
Days on Market84
Property Features for 5547 SE Federal Highway
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,321
Building Details
Year Built
1978
Buildings
1
Tenancy
Single
Listing Agency:
CANVAS REAL ESTATE
(954) 332-7121
Listed By:
ERNESTO BISTUER · License #A11679793
Source:
Corcoran
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 31 at 8:06PM
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 CANVAS REAL ESTATE
Investment Insights
Based on property information with market context.
This freestanding commercial building was constructed in 1978 and contains 4,800 square feet. The property is subject to a corporately guaranteed NNN ground lease with Wells Fargo, providing an established single-tenant occupancy structure.
The current lease has 8 years remaining and includes 15% escalations every 5 years, along with a single 5-year option. Wells Fargo and its predecessor have operated at the property for more than 40 years.
The current lease has 8 years remaining and includes 15% escalations every 5 years, along with a single 5-year option. Wells Fargo and its predecessor have operated at the property for more than 40 years.
Key Highlights
- Corporately guaranteed NNN ground lease with Wells Fargo
- Freestanding 4,800‑square‑foot building constructed in 1978
- 8 years remaining on the current lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$810,980
$811.0K
Cap Rate 7%
$579,271
$579.3K
Cap Rate 9%
$450,544
$450.5K
Market Conditions
NOI Build-Up for 2,205 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.5K $27.00/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$57.9K $26.27/SF
− OpEx
−$17.4K −$7.88/SF
NOI
$40.5K $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$810,980
Cap Rate 7%
$579,271
Cap Rate 9%
$450,544
Alternative Uses
Best Use
Retail
$579.3K
$506.9K – $675.8K
NOI $40,549 @ 7.0% cap · market cap 3.12%
Second Best
Specialty Retail
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 2.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Groceries 16%
Dining 4%
Wawa
Shops & Services
31,571 visits/mo
0.3 miles
Winn-Dixie
Groceries
20,927 visits/mo
0.2 miles
Circle K
Shops & Services
10,805 visits/mo
0.4 miles
Bank of America
Shops & Services
9,414 visits/mo
0.5 miles
Chase Bank
Shops & Services
8,580 visits/mo
0.5 miles
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed occupancy supports a single-tenant freestanding commercial asset with an established operating history.
Where is this nnn property located?
The property is located at 5547 SE Federal Highway Stuart, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Corporately guaranteed NNN ground lease with Wells Fargo; Freestanding 4,800‑square‑foot building constructed in 1978; 8 years remaining on the current lease
