Marketplace at Port St. Lucie
Value Add Investment – Diverse Tenancy
Prime Retail Location: Prominent location along the Port St. Lucie County US Highway 1 “destination retail corridor,” in the heart of a dense and affluent residential demand base.
Ideal Tenancy / Attracts Wide Pool of Tenant Types: The Property’s tenancy is congruent with the new “retail internet economy,” including experiential, restaurant, office, medical, and value-oriented tenants. An ideal tenant roster immune to internet influences.
High Traffic Neighbor: The adjacent Teleperformance facility is a customer service call center business with 1,200 employees, creating daily traffic and a consistent customer base.
Attractive Economic Demographics Tenants Crave: Port St. Lucie’s Average Household Income is $71,231 with a deep population base of 184,148 residents. The 3 mile radius population is significant at 48,891 as is the Average Household Income of $62,029.
Potential Anchor Tenant Upside: Opportunity to re-tenant Nations anchor in five years at a substantially higher rental rate of $7.50/SF, NNN, compared to the current anchor’s below market rent of $2.90/SF, NNN.
RealInsight Marketplace and Transwestern’s Capital Markets Team are pleased to offer the opportunity to acquire the 112,385 SF Marketplace at Port St. Lucie shopping center located in Port St. Lucie, Florida. The Property’s tenants enjoy demand from an affluent stable year round population as well as the additional demand from the influx of tourism related visitors. The Port St. Lucie area is a growth market, experiencing steady increases in both population and business expansion, demonstrating the perfect fundamentals of a strong retail destination. The location is ideally at the center of the region’s primary retail corridor in the market, US Highway 1.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
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10230-10368 US Highway 1, Port St. Lucie, FL 34952
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.