Badcock Home Furniture & More
Single-Tenant Offerings
Badcock Home Furniture & More
1525 NW Federal Highway
Stuart (Port St. Lucie MSA), FL
- Price:
- $2,963,000
- Cap Rate:
- 6.75%
- NOI:
- $200,000
- Rentable SQFT:
- 12,946 SF
- Year Built:
- 1976
- Lot Size:
- 1.03 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- 2% Annual Rental Increases Beginning in Year 3
- Strong Franchisee Guaranty with 17-Units
- Over 108,000 Residents and 62,000 Employees within a 5-Mile Radoius
- Average HH Income Exceeds $107,000 within a 1-Mile Radius
- Signalized, Hard Corner Intersection with 61,000 Cars/Day
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