5311 Tpke Feeder Rd Fort Pierce, FL 34951-2060
- Retail space
- 9,110 SF
- 1.16 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Beauty Supply Store
- Western Union / Money Transfer Service
Property Details for 5311 Tpke Feeder Rd
- Year built
- 2012
- Construction
- CONCRETE
- Lot size
- 1.16 lot acres
- Property size
- 9,110 SF
- Zone code
- COMM NEIGH
- Property type
- Retail space
- APN
- 1312-703-0001-000-6
- APU
- 131270300010006
Description
This fee-simple, absolute NNN Dollar General property in Fort Pierce, Florida offers a compelling investment opportunity. The 9,110 square foot convenience store, built in 2012, sits on a 1.16-acre lot at 5311 Turnpike Feeder Rd, 34951, benefiting from high traffic counts exceeding 13,600 vehicles daily. The property boasts a strong 8.51% cap rate, generating a net operating income (NOI) of $142,547. The corporate-guaranteed lease provides significant security, with a remaining term of approximately 2.9 years expiring September 29, 2027. This single-tenant property enjoys 100% occupancy and benefits from a robust demographic profile, with over 54,000 people residing within a 5-mile radius. The property's location on Turnpike Feeder Road ensures high visibility and accessibility. This is a low-maintenance, high-return investment ideal for passive income seekers. The property's classification includes convenience store, QSR/fast food, and storefront. The investment type is a net lease, specifically a net-leased discount store.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,750,000
- 6.5%
- $1,890,000
- 7%
- $2,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,015,000
- Geo Method
- $1,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,080,000
- Retail
- $2,115,000
- Mixed-Use
- $1,890,000
- Hospitality
- $1,650,000
- Educational
- $2,095,000
- Residential Income
- $2,230,000
- Energy
- $1,870,000
- Income-Based Land
- $1,815,000
- Food Service
- $1,905,000
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.392
- Latitude
- 27.5306
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA