Prime Retail, a 15,230 square foot multi-tenant neighborhood retail plaza strategically positioned along one of Port St. Lucie’s primary commercial corridors.
The property is 100% leased per the current rent roll. The tenant roster consists of a diversified mix of retail, service, and dining operators serving the surrounding residential trade area.
The leases feature structured terms including 3% annual rental escalations, providing predictable income growth and long-term revenue visibility. Several suites reflect below-market rents, offering potential for future mark-to-market upside upon renewal or rollover.
Significant recent capital improvements materially enhance the durability of the asset, including full roof replacements in 2024 with 20-year warranties, exterior upgrades, and parking lot resurfacing.