1390 Federal Hwy Stuart, FL 34994-1004
- Retail space
- 3,233 SF
- 0.54 lot acres
Sep 20, 2024
Current Use by Public Records
- Emerald plaza / Business Center
- Condon Jewelers / Jeweler / Jewelry Appraiser
Property Details for 1390 Federal Hwy
- Year built
- 2002
- Lot size
- 0.54 lot acres
- Property size
- 3,233 SF
- Property type
- Retail space
- APN
- 29-37-41-001-013-00010-5
- APU
- 293741001013000105
Description
This exceptional Stuart, Florida storefront, located at 1390 NW Federal Hwy, presents a compelling investment opportunity. The 3,233 square foot building sits on a 0.54-acre lot and boasts 150 feet of frontage on US Highway 1, experiencing daily traffic counts of 55,000 vehicles (2022 survey). Built in 2002 and renovated in 2024, the Class B property features 16 parking spaces and benefits from its proximity to a Publix supermarket and a new Home2 hotel. Currently operating under a 15-year net lease (commencing February 1, 2025, and expiring January 31, 2040) with a corporate guarantee and 100% occupancy, the property offers a strong 7.64% cap rate and a $275,000 net operating income (NOI). The lease includes annual rent bumps of 3% and four 5-year renewal options. The asking price is $3,600,000, translating to $1,113.52 per square foot. This fee-simple ownership opportunity provides excellent visibility and accessibility, making it ideal for a variety of retail, dining, or service-oriented businesses. The property's strategic location, just half a mile north of the Roosevelt Bridge, ensures consistent foot traffic. The ample parking and convenient access to US Highway 1 further enhance its appeal.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,690,000
- ML approach
- $1,690,000
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Location Insight
- Map
- Local Demand
- City
- Stuart
- County
- Martin
- State
- Florida
- Longitude
- -80.2641
- Latitude
- 27.2217
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
