10959 Village Pkwy Port St. Lucie, FL 34987

This exceptional investment opportunity presents a 1,900 square foot retail property in Port St. Lucie, Florida, featuring a new 20-year absolute NNN ground lease with Fifth Third Bank, commencing October 13, 2024, and expiring October 30, 2044. The property boasts a 4.25% cap rate and a strong net operating income (NOI) of $135,000. Situated on a 0.75-acre lot, this strategically located outparcel benefits from its prime position at the main entrance to Tradition, a thriving master-planned community with over 40,000 residential units and high average household incomes exceeding $114,000 within a one-mile radius. The property enjoys excellent visibility and accessibility, sharing a signalized intersection with major retailers including Publix, Fresh Market, Target, TJ Maxx, Ulta, LA Fitness, and Panera Bread. Fifth Third Bank, rated A- by Fitch, operates approximately 1,200 branches across ten states, demonstrating a significant long-term commitment to this location. The lease includes a built-in 10% rent increase every five years, providing a hedge against inflation and ensuring consistent cash flow. This passive ownership opportunity offers significant advantages, including a stable income stream and the benefits of Florida's favorable tax environment (no state income tax). The property was built in 2024 and currently enjoys 100% occupancy. The lease includes four five-year renewal options.