Walgreens on 1.8 Acres | Hard Corner 58K VPD |… — Sale in Port St. Lucie, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Port St. Lucie, FL 34953
Photos
Investment Figures
- Cap rate
- 8.19%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap Is Pleased To Present The Exclusive Opportunity To Acquire The Walgreens Located At 1954 SW Gatlin Blvd In Port Saint Lucie, Florida. This Corporate-Leased Asset Occupies a Highly Visible Signalized Corner Along Gatlin Blvd, Which Carries Approximately 58,500 Vehicles Per Day, With Additional Exposure Along SW Fondura Road. The Property Benefits From Excellent Access, Outstanding Visibility, and Strong Consumer Traffic Within One of Florida's Fastest-Growing Metropolitan Areas. Positioned Within a Dense and Expanding Residential Trade Area, the Property Serves More Than 168,000 Residents Within Five Miles, With Population Expected To Exceed 187,000 By 2030. Household Growth Continues To Fuel Retail Demand, While Average Household Income Exceeds $93,000 Within the Surrounding Trade Area, Supporting Long-Term Consumer Spending. Port Saint Lucie Continues To Experience Significant Population Growth, Driven By Affordable Housing, Business Expansion, and Exceptional Quality of Life. The Market Benefits From Diverse Economic Drivers Including Healthcare, Education, Tourism, Professional Services, and the New York Mets Spring Training Complex, Which Contributes Additional Seasonal Economic Activity. Strong Demographic Trends, Combined With High Homeownership Rates and Continued Residential Development, Position the Area For Sustained Long-Term Growth. The Property Represents an Attractive Opportunity To Acquire a Well-Located Corporate Walgreens Asset With Stable Cash Flow Backed By Walgreens, One of the Nation's Largest Pharmacy Operators. Beyond the Existing Income Stream, Investors Benefit From Ownership of a Premier Corner Parcel Along a Major Commercial Corridor, Offering Exceptional Underlying Real Estate Fundamentals and Long-Term Residual Value Within One of Florida's Most Dynamic Growth Markets. Investment Highlights: • Signalized Hard Corner With Exposure To 58,500 VPD Along Gatlin Blvd Plus 3,800 VPD On SW Fondura Rd, Providing Outstanding Vi
Market Context
This retail in Port St. Lucie, FL is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Port St. Lucie, FL — view the full market.
Estimated Price per SF
$55.04/SF – $400.32/SF
Mid: $166.80/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Nick Collins · (904) 672-1442 · nick.collins@marcusmillichap.com
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
Explore this market
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