301 NE Prima Vista Blvd - Drug Store FOR SALE


Port Saint Lucie, FL 34983- River Park
$2,263,000 USD
631-903-7137
301 NE Prima Vista Blvd, Port Saint Lucie, FL for Sale
$2,263,000 USD
Drug Store - FOR SALE
1/3
null | 6.05% Cap Rate

301 NE Prima Vista Blvd
Port Saint Lucie, FL 34983
River Park


HIGHLIGHTS

  • New 10-Year Lease with S&P Rated Credit Tenant : Dollar Tree Inc. (S&P: BBB-)
  • Hard-Corner Lighted Intersection Location surrounded by dense residential corridors.
  • Traff ic Counts Exceeding 35,800 VPD in f ront of the subject property.
  • New Roof Installed in 2020 featuring a 20-Year Roof Warranty. (15+/- years remaining)
  • Over 51,000 households within a 3-mile radius providing immediate market drivers for the property.
  • Both Landlord and Tenant have meaningful capital expenditures for renovation/retrofit in 2025.

OVERVIEW

CBRE is pleased to present the exclusive listing for the new Dollar Tree location at 301 NE Prima Vista Blvd, in Port St. Lucie, Florida. The site consists of 8,833 total square feet of building space and sits on 1.00 acres of land. The site will be subject to a new 10-year lease with expected rent commencing September 2025. Starting in year one, the base rent shall be $136,911.50. The lease includes 5% rental escalations each five year period during the base term and throughout the four (4), five-year renewal option periods (30-year potential total term). The subject property benefits from being located in a main arterial retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a hard-lighted corner, the subject property is surrounded with the following major tenants in the immediate area; Wawa, Walmart, Advanced Auto Parts, Walgreens, Lowes, Publix, Pet Supermarket, HomeGoods, as well as many more. This location also benefits from its proximity to Clover Field, Home of the Mets Spring Training, and Indian River State College.

FOR SALE DETAILS

PRICE

$2,263,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree - Port St. Lucie, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

PNRD

APN/PARCEL ID

34-19-530-0219-0001

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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