Fifth Third Bank | Trophy Publix Outparcel | 10959 SW Village Pky
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Fifth Third Bank | Trophy Publix Outparcel 10959 SW Village Pky
1,900 SF 4-Star Retail Building Port Saint Lucie, FL 34987 $3,176,000 ($1,672/SF) 4.25% Cap Rate
Investment Highlights
- Rare Publix outparcel at the main entrance to Tradition, one of Florida's largest and most successful master planned communities (40,000 residential u
- Fifth Third is rated A- by Fitch and operates +/- 1,200 branhces across 10 states
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
- Full access from signalized intersection shared by Publix, Fresh Market, Target, TJ Maxx, Ulta, LA Fitness, and Panera Bread
- Tradition is an 8,300 acre master-planned community that has grown annually by 10% - 13% with average household incomes exceeding $114,000 in 1 mile
- Fixed 10% increases provide hedge against inflation and an average return of 4.93% over the base term of the lease
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year Fifth Third Bank ground lease in Port St. Lucie, FL. Fifth Third is currently under construction and is scheduled to open in November. Rent is set to commence October 14 and will increase 10% every 5 years during the base term and option periods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,900 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$3,176,000
Price Per SF
$1,672
Cap Rate
4.25%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.77 AC
Zoning
MASTER PLA - master plan
Frontage
111 FT on Southwest Village Parkway
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- fifth third bank
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| fifth third bank | - | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4310-702-0001-000-6 | Improvements Assessment | $0 |
| Land Assessment | $667,700 | Total Assessment | $667,700 |
PROPERTY TAXES
Parcel Number
4310-702-0001-000-6
Land Assessment
$667,700
Improvements Assessment
$0
Total Assessment
$667,700
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Fifth Third Bank | Trophy Publix Outparcel | 10959 SW Village Pky
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