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612 SW Federal Hwy
Stuart, FL 34994
United States Customs and Border Protection · Retail Property For Sale
Investment Highlights
- 15 YEAR FIRM LEASE: The lease, which is scheduled to commence August 1, 2021, features a “firm” (non-cancelable”) lease term of fifteen (15) years
- SUPPLY CONSTRAINED MARKET: The Tenant required a strategic geographic location that was outside the floodplain and had access to a marina / boat slip
- ?INVESTMENT GRADE CREDIT GUARANTOR: The lease is guaranteed by the full faith and credit of the United States of America
- ?SIGNIFICANT BUILDING IMPROVEMENTS: The Property has been extensively renovated with approximately $1.87M in buildout
- ?HIGH RENEWAL PROBABILITY: According to the GSA Public Building Services, first generation leases are renewed over 96% of the time
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
B
Year Built/Renovated
1972/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.92 AC
Zoning
LMD - B2
Parking
24 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
86’ on SW Federal Hwy
Amenities
- Bus Line
- Fenced Lot
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 05-38-41-001-000-01000-0 | Improvements Assessment | $1,182,180 |
| Land Assessment | $475,680 | Total Assessment | $1,657,860 |
Property Taxes
Parcel Number
05-38-41-001-000-01000-0
Land Assessment
$475,680
Improvements Assessment
$1,182,180
Total Assessment
$1,657,860
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