5513 Orange Ave Fort Pierce, FL 34947

Property Details for 5513 Orange Ave

Year built

2024

Lot size

2.55 lot acres

Property size

4,650 SF

Property type

Grocery and convenience stores

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and gas station situated on a 2.55-acre parcel in Fort Pierce, Florida. The property boasts a new 15-year absolute NNN lease commencing July 1, 2024, and expiring May 30, 2039, with built-in rent bumps every five years. This provides a stable, long-term income stream with minimal landlord responsibilities. The tenant, 7-Eleven, Inc., is an investment-grade tenant with a strong credit rating, ensuring financial security. Located at 5513 Orange Ave, Fort Pierce, FL 34947, this high-visibility site benefits from its position along a major east-west thoroughfare leading to the Atlantic Ocean and its proximity to Interstate 95 (73,811 AADT), providing exceptional access and visibility. The signalized intersection with Jenkins Road offers multiple access points to a combined 24,800 vehicles daily. The property is supported by a substantial customer base, with 63,534 residents within a five-mile radius and an average annual household income of $68,826 within one mile. Its proximity to Indian River State College further enhances its appeal. The asking price is $7,874,000, representing a 5.15% cap rate and a net operating income (NOI) of $405,490. This is an ideal investment for passive investors seeking a secure, high-return opportunity. The property was built in 2024. This offering is suitable for a 1031 exchange.