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Dollar Tree - Port St. Lucie, FL 301 NE Prima Vista Blvd 8,857 SF Retail Building Port Saint Lucie, FL 34983 $2,263,000 ($255.50/SF) 6.05% Cap Rate




INVESTMENT HIGHLIGHTS
- New 10-Year Lease with S&P Rated Credit Tenant : Dollar Tree Inc. (S&P: BBB-)
- Traff ic Counts Exceeding 35,800 VPD in f ront of the subject property.
- Over 51,000 households within a 3-mile radius providing immediate market drivers for the property.
- Hard-Corner Lighted Intersection Location surrounded by dense residential corridors.
- New Roof Installed in 2020 featuring a 20-Year Roof Warranty. (15+/- years remaining)
- Both Landlord and Tenant have meaningful capital expenditures for renovation/retrofit in 2025.
EXECUTIVE SUMMARY
CBRE is pleased to present the exclusive listing for the new Dollar Tree location at 301 NE Prima Vista Blvd, in Port St. Lucie, Florida. The site consists of 8,833 total square feet of building space and sits on 1.00 acres of land. The site will be subject to a new 10-year lease with expected rent commencing September 2025. Starting in year one, the base rent shall be $136,911.50. The lease includes 5% rental escalations each five year period during the base term and throughout the four (4), five-year renewal option periods (30-year potential total term). The subject property benefits from being located in a main arterial retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a hard-lighted corner, the subject property is surrounded with the following major tenants in the immediate area; Wawa, Walmart, Advanced Auto Parts, Walgreens, Lowes, Publix, Pet Supermarket, HomeGoods, as well as many more. This location also benefits from its proximity to Clover Field, Home of the Mets Spring Training, and Indian River State College.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,857 SF
Building Class
B
Year Built
1994
Price
$2,263,000
Price Per SF
$255.50
Cap Rate
6.05%
NOI
$136,912
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.00 AC
Zoning
PNRD - COMMERCIAL
Parking
31 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Number | 34-19-530-0219-0001 | Improvements Assessment | $1,374,100 |
Land Assessment | $611,100 | Total Assessment | $1,985,200 |
PROPERTY TAXES
Parcel Number
34-19-530-0219-0001
Land Assessment
$611,100
Improvements Assessment
$1,374,100
Total Assessment
$1,985,200
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Dollar Tree - Port St. Lucie, FL | 301 NE Prima Vista Blvd
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