250 Peacock Blvd Port Saint Lucie, FL 34986-2205

Property Details for 250 Peacock Blvd

Year built

2004

Construction

BRICK

Lot size

2.89 lot acres

Property size

25,000 SF

Zone code

COMM GENRA

Property type

Office buildings

APN

3326-685-0001-000-2

APU

332668500010002

Description

This exceptional investment opportunity presents a fee-simple ownership of a 25,000-square-foot Class A fitness center in Port St. Lucie, Florida. Located at 250 NW Peacock Blvd (APN 3326-685-0001-000-2), this single-story building, constructed in 2004 and extensively renovated in 2022, boasts a 100% occupancy rate under a Net Lease (NNN) agreement. The current lease expires August 31, 2027, with three 5-year options at 3% annual rent bumps, providing excellent inflation protection. The property generates a substantial Net Operating Income (NOI) of $342,498, yielding an attractive 8.50% cap rate at an asking price of $4,029,000 ($161.16/sq ft). The tenant, operating successfully for over 20 years, recently completed a $2,000,000 renovation, ensuring state-of-the-art facilities. Situated on a 2.89-acre lot in a high-growth area (Port St. Lucie is ranked among the fastest-growing cities in the US), the property benefits from a dense retail corridor including major national brands like Walmart, AMC Theatres, and numerous restaurants. The surrounding area boasts a high average household income and significant consumer spending, making this a compelling investment with strong long-term potential. The property is zoned for General Commercial use.

Location Insight

City

Port Saint Lucie

County

St. Lucie

State

Florida

Longitude

-80.4093

Latitude

27.3163

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments