OFFERING SUMMARY
Price: $2,7550,000
CAP Rate: 10.43%
Lease Type: Modified Gross
Price Per SF: $140.89
Gross Leasable Area: 19,519 SF
Year Built: 1995
OFFERING HIGHLIGHTS
- Impressive Retail Synergy
- Rare High-Cap Two-Tenant Investment
- Below Market Rent
- Priced Below Replacement Cost
- High Traffic Counts
- Active Job Market
- Strong Population Growth
INVESTMENT OVERVIEW
Diffie Retail Team at Marcus & Millichap is pleased to present for sale a 100% leased two-tenant retail property in Stuart, Florida. The property sits on 1.91 acres and was originally constructed in 1995. The building itself is 19,519 square feet, with Goodwill occupying 12,749 and The Humane Society leasing the remaining 6,770. The property benefits from strong retail synergy and has traffic counts well in excess of 50,000 cars a day. Both tenants have long rental histories at the location, and the short term leases provide an incoming investor with attractive options moving forward.
