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Strickland Brothers 565 NW Prima Vista Blvd 1,730 SF 100% Leased Retail Building Port Saint Lucie, FL 34983 $2,652,000 ($1,532.95/SF) 6% Cap Rate
Executive Summary
SECURE STREAM OF INCOME
- New 15-Year Absolute NNN Lease - Zero landlord responsibilities
- 10% Rent Increases - Every 5 years and renewal options
- Excellent Access and Visibility to 26,844 VPD - 0.86 acre parcel along NW Prima Vista Blvd
- Rapidly Expanding Tenant - Nearly 300 locations across 27 states
- Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans - According to report by Grand View Research, Inc.
- Oil Change Facilities May Qualify for 100% Accelerated Bonus Depreciation Potential for 2025 - Consult with CPA
- New 15-Year Absolute NNN Lease - Zero landlord responsibilities
- 10% Rent Increases - Every 5 years and renewal options
- Excellent Access and Visibility to 26,844 VPD - 0.86 acre parcel along NW Prima Vista Blvd
- Rapidly Expanding Tenant - Nearly 300 locations across 27 states
- Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans - According to report by Grand View Research, Inc.
- Oil Change Facilities May Qualify for 100% Accelerated Bonus Depreciation Potential for 2025 - Consult with CPA
Property Facts
Sale Type
Investment
Property Type
Building Size
1,730 SF
Year Built
2025
Price
$2,652,000
Price Per SF
$1,532.95
Cap Rate
6%
NOI
$159,120
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
0.92 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-29-603-0002-0001 | Improvements Assessment | $0 |
| Land Assessment | $280,500 | Total Assessment | $280,500 |
Property Taxes
Parcel Number
34-29-603-0002-0001
Land Assessment
$280,500
Improvements Assessment
$0
Total Assessment
$280,500
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Strickland Brothers | 565 NW Prima Vista Blvd