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Mint Cannabis 2061 S US Highway 1 3,060 SF Retail Building Fort Pierce, FL 34950 $1,855,057 ($606.23/SF) 7% Cap Rate
Investment Highlights
- Over 8 years remaining on NNN lease with 3% annual rent increases for stable income.
- Prime U.S. 1 location with ±30,500 vehicles per day and excellent visibility.
- No tenant renewal options, allowing for market-rate lease renegotiation at expiration.
- Mint Cannabis is a multi-state operator with 30+ dispensaries across six states.
- Situated on a ±0.70-acre parcel with ample parking and future redevelopment potential.
- Outparcel to Gateway Plaza, anchored by national retailers and strong retail synergy.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,060 SF
Building Class
C
Year Built
1991
Price
$1,855,057
Price Per SF
$606.23
Cap Rate
7%
NOI
$129,852
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.70 AC
Zoning
GENERAL CO - General Commercial
Parking
25 Spaces (7.28 Spaces per 1,000 SF Leased)
Frontage
1,400’ on US-1
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-15-341-0020-0004 | Improvements Assessment | $162,558 |
| Land Assessment | $305,660 | Total Assessment | $468,218 |
Property Taxes
Parcel Number
24-15-341-0020-0004
Land Assessment
$305,660
Improvements Assessment
$162,558
Total Assessment
$468,218
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Mint Cannabis | 2061 S US Highway 1
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