7075 Indrio Rd Fort Pierce, FL 34951-2206
- Retail space
- 6,765 SF
- 0.97 lot acres
Current Use by Public Records
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- Advance Auto Parts / Car Accessories Store / Car Battery Store
Property Details for 7075 Indrio Rd
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.97 lot acres
- Property size
- 6,765 SF
- Zone code
- COMM GENRA
- Property type
- Retail space
- APN
- 1313-321-0001-000-7
- APU
- 131332100010007
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,785 square foot retail property located at 7075 Indrio Road, Fort Pierce, Florida, 34951. The property, built in 1999, is currently 100% occupied by a portfolio of nationally recognized auto parts retailers including AutoZone, Advanced Auto Parts, O'Reilly Auto Parts, Goodyear Auto Service, and AutoNation. The property benefits from a triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring consistent rental income. The current lease, signed in 2020, has a remaining term of 8.5 years, extending to August 31, 2033, with four, five-year renewal options. The lease includes attractive 10% rent bumps every five years, providing significant long-term growth potential. The property sits on a 0.97-acre lot and generates a substantial net operating income (NOI) of $77,645, resulting in a compelling 6.00% cap rate. The property's strategic location across from a Winn-Dixie anchored center, alongside other national retailers such as CVS, 7-Eleven, McDonald's, and Dollar Tree, ensures high visibility and consistent traffic. The surrounding area boasts a strong demographic profile, with an average household income of $80,250 and a projected 16.15% population growth over the next five years, further enhancing the investment's value. The asking price for this exceptional investment is $1,294,098. This is a rare opportunity to acquire a high-performing, net-leased retail property with a strong tenant base and significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,040,000
- 6.5%
- $1,065,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $980,000
- Geo Method
- $1,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,280,000
- Retail
- $1,115,000
- Mixed-Use
- $970,000
- Hospitality
- $955,000
- Educational
- $1,000,000
- Residential Income
- $1,120,000
- Energy
- $1,030,000
- Income-Based Land
- $1,110,000
- Food Service
- $1,080,000
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.396
- Latitude
- 27.5206
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
