3430 SW Martin Hwy - Retail FOR SALE


Palm City, FL 34990
$3,275,000 USD
407-808-1657
3430 SW Martin Hwy, Palm City, FL for Sale
$3,275,000 USD
Retail - FOR SALE
1/9
null | 5.5% Cap Rate

3430 SW Martin Hwy
Palm City, FL 34990


HIGHLIGHTS

  • New Construction and 19-years remaining on a new 20-year Lease
  • Absolute NNN ground lease – No landlord management obligations
  • Anchored by the TOP 86% Performing Wawa in FL and the TOP 87% Performing Tractor Supply Co. in the ENTIRE COUNTY PER Placer.ai
  • Ideally located at Florida’s Turnpike interchange with easy access to I-95
  • Experienced operator with guaranty by parent company with annual revenue exceeding $65M and EBITDA exceeding $25M
  • Florida has NO STATE INCOME TAX

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present this absolute NNN 19-year Waters Car Wash ground lease located in one of the nation’s fastest growing markets in South Florida. This lease provides for truly “hands off” management and includes rental increases of 10% every 5 years. The Property is anchored by an extremely busy Wawa (IN TOP 86% PERFORMING STORE IN THE STATE OF FLORIDA PER Placer.ai) and Tractor Supply (IN TOP 87% STORE IN THE ENTIRE COUNTRY PER Placer.ai). Palm Pike Crossing offers retailers a prime, high visibility position along one of Palm City’s most important east-west commuter corridors, delivering constant exposure to the surrounding customer base with household incomes exceeding $150K and regional traffic moving between Palm City, Stuart, I-95, and the Turnpike. The property benefits from excellent visibility, easy ingress/egress, and access designed for quick, convenient stops – key criteria for QSR, service retail, and daily needs operators. With established traffic patterns, strong household demographics, and seamless regional connectivity, this corridor provides the consistent customer flow and accessibility national retailers look for when selecting high-performing sites.

FOR SALE DETAILS

PRICE

$3,275,000 USD

PRICE/SF

$1,638 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Water's Car Wash

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

C-1

APN/PARCEL ID

24-38-40-006-000-00020-0

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.