10055-10193 s federal highway, port st. lucie, fl 34952

Port St. Lucie Towne Centre10055-10193 S Federal Highway, Port St. Lucie, FL 34952

Boyd G. Bradfield, CCIM, SIORFounder+1 772 286 6292 Direct+1 772 286 7535 [email protected]

Presented by

FOR SALE:

$25,750,000

Anchored Retail Center - 89% Occupied

mailto:[email protected]

100 SW Albany Avenue, 2nd Floor, Stuart, Florida 34994 | +1 772 286 6292 | www.naisouthcoast.com


Table of Contents

Property/Building Details 3

Opportunity Zones 5

Site Plan 9

Tenant Roster 10

Economics 11

Area Map 12

Demographics 13

Additional Opportunities 16

Area Growth 16

Regional and City Overviews 18

Confidentiality Agreement 22

http://www.naisouthcoast.com

Property Details• Address: 10055-10193 S. Federal Hwy.

Port Saint Lucie, FL 34952

• Location: Located on Federal Hwy and Port St. Lucie Blvd, on the busiest intersection in Saint Lucie County.

• Opportunity Zone: This is a very rare Large Retail Center located in an Opportunity Zone offering all the related tax advantages

• Price: $25,750,000

• Net Income: $1,754,461

• Occupancy: 89%

• Zoning: Planned Unit Development City of Port St. Lucie

Building Details• Building Size: 214,854 SF

• Land Area: ±37 Acres

• Year Built: 1985

• Construction: Masonry

• Frontage: 3,093 Feet on S US Highway 1

• Parking: 1,200 Spaces/6 Ratio

• Roof Information:



Opportunity ZonesIn 2017, the federal Tax Cuts and Jobs Act established Opportunity Zones to encourage long-term investment and job creation in targeted communities. Businesses, developers and financial institutions that invest in these targeted areas can defer or eliminate capital gains taxes through investment in federally established Opportunity Funds which, in turn, invest funds in these designated zones, creating economic opportunity, job growth and housing stabilization.

St. Lucie County is home to four designated Opportunity Zones with one census tract in Port St. Lucie and three census tracts in Fort Pierce.

10063-10085 redone in 2019, all other roofs mid-2000’s. Combination of mechanically fastened TPO, polyurethane foam with aggregate. New expansion (10181-10193) is precast hollow core concrete slab. More information on roofs in due diligence package.


Retail Property in Port St. Lucie • Highly visible anchored retail center with many other national tenants

• ±214,854 Square Feet on ±37 Acres

• Situated in the heavy traffic intersection of Federal Highway & Port Saint Lucie Blvd, Port St. Lucie, FL

• Two signalized intersections, one on south end of property at Port St. Lucie Boulevard and one in the center at Jennings Road

• 2 Marquee Signage Opportunities

• Section 10181 - 10193 was developed in 2005 and precast concrete slab roof allows for second story development

Exclusive Investment Opportunity• Features a Beall’s Flagship store and Arby’s completely renovated in 2020

• Sub-market with high barriers to entry

• 89% occupied

• Strong existing tenant base with many national retailers

• Solid demographics & traffic counts at 43,500 annual average daily traffic on Federal Hwy and 37,000 annual daily traffic traveling on Port St. Lucie Boulevard

• Property underwent several capital improvements in 2021 including painting, seal coating, and irrigation upgrades




Opportunity Zone

SITESITE

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Opportunity Zones

Please click below to view the census tract opportunity zone maps in our local jurisdictions:

CLICK HERE for more information on Florida Opportunity Zones

CLICK HERE for Opportunity Zone Map


http://www.floridajobs.org/business-growth-and-partnerships/for-businesses-and-entrepreneurs/business-resource/opportunity-zones

https://youredc.com/images/uploads/PSL_Opportunity_Zone_Zoning_Map_-_Port_St_Lucie.pdf

100 SW Albany Avenue, 2nd FloorStuart, Florida 34994+1 772 286 6292

www.naisouthcoast.com

Opportunity Zone

Opportunity Zone

SITESITE



Opportunity Zones





Property Photos


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Towne Centre Tenants

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Recent renovation (2020/2021)

Suites 10181-10193 purpose built in 2005 with a second story expansion possibility



Site Plan


Unit Tenant Area SF

10073 Business Outreach Group 1,500.00

10171 AVAILABLE 1,200.00

10063 Yum Yum Hot Pot 5,100.00

10137 Heritage Liquor 4,000.00

10145 Planet Fitness 23,750.00

10055 Arby’s - Outparcel 2,814.00

10069 Salon Centric 2,571.00

10077 South FL Vision Care 2,100.00

10079 Special Occasion Hair Salon 1,000.00

10081 Which Wich Sandwiches 2,000.00

10083-85 AVAILABLE 3,400

10075 Slice of Heaven Pizza 1,700.00

10117 Rent A Center 4,500.00

10123 T Mobile 1,500.00

10135 Beall’s Department Store 62,656.00

10155 B-Nails 1,200.00

Unit Tenant Area SF

10157-61 Planes Dental Arts 3,000.00

10163 AVAILABLE 1,200.00

10165-67 CosmoProf 2,100.00

10169 Advance America 900.00

10071 Detailed Grooming Studio 1,050

10173 Fruit From Heaven 1,200.00

10317 Verizon Wireless - Outparcel 6,000.00

10425 U-Haul - Outparcel / Parking Lot NA

10175-77 Treasure Coast Theater 1,800.00

10125 Value Care at Home of St. Lucie County 1,350.00

10105 Shop Smart 19,248.00

10100 AVAILABLE 4,500

10101 Ross Dress for Less / DD’s Discount 25,000.00

10103 AVAILABLE 14,006

10193 Americana Cafe 2,060.00

10181-83 Habitat for Humanity ReStore 9,802.00



Tenant Roster




Area Map

Port St. Lucie Towne Centre

Metro Fusion

Dominant TapestrySegment

41.7Median

Age

10,458Total Population

$174,338Median Home Value

681Businesses

11,653Daytime Population

$46,133Median Household

Income

$24,653Per Capita Income

10055 S Federal Hwy, Port Saint Lucie, Florida, 34952

KEY FACTS

KEY SPENDING FACTS

2.3Avg Household

Size

1.4%2010-2020 Pop

Growth Rate

$3,000

$2,000

$1,000

$0

FurnitureEntertainmentApparelTransportationTravel

$438.23$620.62

$1,484.84$1,557.3

$2,241.88

This infographic contains data provided by Esri,Esri and Bureau of Labor Statistics, Esri and Infogroup.The vintage of the data is 2020, 2025.

© 2020 Esri

Spending facts are average annual dollars per household

Custom Map

Source: ©2020 Esri.

March 23, 2021

©2021 Esri Page 1 of 1

Population

• 1 Mile 10,458

• 3 Mile: 54,296

• 5 Mile: 122,307

Average Household Income

• 1 Mile $60,718

• 3 Mile: $69,886

• 5 Mile: $74,936

Median Age

• 1 Mile 41.7

• 3 Mile: 50.5

• 5 Mile: 48.00



2020 Demographics




7,969 Square Foot Pad


SE JENNINGS RD.SE JENNINGS RD.

PORT ST. LUCIE BLVD.PORT ST. LUCIE BLVD.

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2. Pad in line: Approved for up to 64,398 Square Feet in 3 stories Separately owned Parcel ID# 3414-501-4707-110/6

3. 7,969+/- square foot pad: This pad was designed but not approved It is included in the sale giving additional upside Parcel ID# 3414-501-4707-000/2 Currently leased

1. .44+/- acre out parcel: See offering Listed by Treasure Coast Commercial Parcel ID# 3414-501-4707-080/6



Other Opportunities Available for Expansion

1. ±65,840 SF R&D/Retail/Call Center: Fully furnished on ±7.43 Acres Parcel ID# 44-01-701-0002-0009 Currently leased




Area Growth

Port St. Lucie Towne Centre

Port St. Lucie is came in at #8 in the Fastest Growing Places category by US News & World Report out of 150 metro areas of the United States in 2020.

Port St. Lucie Towne Centre sits in the middle of a dense residential cluster along US Hwy 1 in Port St. Lucie. Just to the north of the shopping center, a new residential development is being planned by Waypoint Residential. The project is called Toscana at Port St. Lucie and will feature 252 units.

US News & World Report ranked Port St. Lucie #3 in the Best Places to Retire category in 2020. Factors such as warm climate, low cost of living, low crime rate, abundance of quality medical options, and access to beaches make Port St. Lucie an attractive place to live.

252 Apartment Units




Area Growth



U.S. News & World ReportProfile written by U.S. News & World Report Contributor, Jennifer Bryant

What’s it like to live in Port St. Lucie, FL?

Port St. Lucie is nestled along Florida’s Treasure Coast, along the state’s southeast side, about halfway between Miami and Orlando. Port St. Lucie has a more relaxed atmosphere than its larger neighbors. Its clean streets and quiet neighborhoods are woven around scenic waterways and lush green golf courses. Homes in the area are affordable to buy or rent, compared with other South Florida housing markets. However, this may change as Port St. Lucie’s popularity rises.

The St. Lucie River, a valuable resource to the community, is used by residents for boating and fishing.

Port St. Lucie’s natural side is strengthened by its world-class amenities. The New York Mets play spring training games at Clover Park, and Port St. Lucie is home to the PGA Center for Golf Learning and Performance, as well as an all-inclusive resort on the St. Lucie River.

What is there to do in Port St. Lucie, FL?

The St. Lucie River and nearby Atlantic Coast beaches make exploring the outdoors one of the region’s most popular pastimes. Boaters will find several boat ramps within the metro area. The docks at Sewall’s Point on the St. Lucie River is a year-round fishing hot spot. Hiking trails can be found at the Oxbow Eco-Center and Savannas Preserve State Park. The Port St. Lucie Botanical Gardens, tucked beside the St. Lucie River, is another excellent outdoor attraction with regularly scheduled programs for families, as well as jazz nights for adults.

The MidFlorida Credit Union Event Center is a hub for activity: Retirees who come for a game of racquet ball cross paths with the preschool crowd enjoying a playgroup. Port St. Lucie also hosts a number of annual festivals, most of which take place between November and February when the weather is cool. Oktoberfest, the Festival of Lights and many other celebrations are held on the Village Square, a public plaza. Another place people gather for special events is Tradition Square, where the annual Taste of Little Italy festival, semimonthly Food Truck Invasion and New Year’s Eve celebration and fireworks take place.

The New York Mets come to town for spring training each year, and residents can cheer on the home minor league team, the St. Lucie Mets, from April to September. Club Med Sandpiper Bay, an all-inclusive resort on the St. Lucie River, gives locals the chance to escape, offering day and evening passes granting access to the spa, restaurants, entertainment, swimming pools, paddle boarding on the river and kids’ activities.

The PGA Village features courses designed by Tom Fazio and Pete Dye. There are also several more affordable courses located in Port St. Lucie, and the weather allows golfers to play year-round.

RankingsU.S. News analyzed 150 metro areas in the United States to find the best places to live based on quality of life and the job market in each metro area, as well as the value of living there and people’s desire to live there.

Port St. Lucie is ranked:

• #73 in Best Places to Live• #3 in Best Places to Retire• #8 in Fastest-Growing Places• #11 in Best Places to Live in Florida• #17 in Most Expensive Places to Live




The population of the Treasure Coast’s largest city more than doubled since 2000, making it one of the fastest-growing cities in America.

Port St. Lucie grew from 88,769 to 178,778, or 101.4%, according to 24/7 Wall Street, a financial news and opinion website.

Recently, the city also was named one of the safest cities in the U.S. and one of the best places to retire.

“(Mayor Greg Oravec) often says we are lucky to have many compelling narratives in Port St. Lucie,” said city spokesperson Sarah Prohaska.

The cost of living in Port St. Lucie is 3% less than the national average, according to 24/7 Wall Street, which also could be a factor in the city’s high rate of homeownership, Prohaska added.

“All of this is happening, but we still haven’t lost our hometown feel,” she said.

The city’s strategic plan, which is updated every year based on feedback from residents, focuses on safety and prosperity, Prohaska said. Positive changes such as the recent opening of the Crosstown Parkway Bridge and other neighborhood improvements reflect that, she said.

“People are seeing that positive momentum and want to be a part of it,” she said.

The nation’s fastest-growing city, McKinney, Texas, more than tripled in population, growing from 54,369 to 164,760. Only two other Florida cities ranked in the top 25: Cape Coral at No. 18 and Miramar at No 11.

The 10 fastest-growing cities in the U.S., according to 24/7 Wall Street:

McKinney, Texas

Elk Grove, California

Louisville, Kentucky

Gilbert, Arizona

North Las Vegas, Nevada

Port St. Lucie, Florida

Renton, Washington

Temecula, California

Round Rock, Texas

Victorville, CaliforniaTREASURE COAST NEWSPAPERS | November 15, 2019


St. Lucie County, Florida is home to the historic City of Fort Pierce, the vibrant City of Port St. Lucie and the breathtaking beaches of Hutchinson Island. It is located on the east coast of Florida about 120 miles southeast of Orlando and about 115 miles north of Miami. St. Lucie County is proud of its most valuable assets such as the 21 miles of uncrowded and unspoiled beaches, over 10,000 acres of parks and preserves, world record sport fishing, horseback riding on the beach, NY Mets Spring Training baseball, championship golf at PGA Village and other top-notch golf courses, the one and only museum dedicated to the US Navy SEALs, a charming and award-winning waterfront downtown, year round arts and cultural activities, a rich history and so much more.

Admirers of the outdoors will be delighted to discover the beautiful natural gardens, including the Port St. Lucie Botanical Gardens and Heathcote Botanical Gardens in Fort Pierce which features the largest public display of tropical bonsai trees in the United States. Eco-tourists will appreciate St. Lucie’s dedication to protecting the environment through environmental education facilities such as the Oxbow Eco-Center, Harbor Branch Ocean Discovery Center, the St. Lucie County Aquarium featuring the Smithsonian Marine Ecosystems Exhibit and the Manatee Education and Observation Center.


Regional OverviewSt. Lucie County, FL


In 1961, Port Saint Lucie was incorporated as a city. Today, consisting of 120 square miles with a population of more than 200,000, the City of Port St. Lucie is the 8th largest City in Florida and the 3rd largest City in South Florida, the 130th largest City in the United States. The City is led by a five-member elected Council, which sets policy and determines the long-term vision for the City. This system is called a Council-Manager form of local government. Each Council member has one vote, including the Mayor, so legislative authority is equally spread among all five members.

Development within the City has been primarily west of I-95 within the Tradition Development; however, there is much infill development occurring in the General Development platted areas of the City. At its inception, Port St. Lucie was platted by General Development Corporation as 15,000 acres of 80x120 single family lots. The development pattern has largely held true to this plat, with utilities, public works and roads being expanded over the decades to accommodate the growth of the City. As pro-growth municipality Port St. Lucie is generally viewed as a favorable environment to do business.


City Overview Port St. Lucie, Florida




Confidentiality Agreement

Showings:

Please contact us regarding tours of the property

Cooperating Brokers:

The Seller will pay a cooperating a fee equal to 1% of the Purchase Price at Closing of a Sale they procure.

CREXi Listing - Direct Links

Access to the Confidentiality Agreement can be found by selecting “See Due Diligence” on the CREXi property listing. Once the Confidentiality Agreement is executed, access to all Leases, Income and Expense Information along with previous reports, etc. will be granted.

LISTING PAGEhttps://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre

CONTACT BROKERShttps://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?openContactBrokers=open

OFFERING MEMORANDUMhttps://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?offeringMemorandum=download

DUE DILIGENCE VAULThttps://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?openDueDiligence=open

SUBMIT OFFERhttps://www.crexi.com/properties/357463/new-offer


https://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre

https://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?openContactBrokers=open

https://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?offeringMemorandum=download

https://www.crexi.com/properties/357463/florida-port-st-lucie-towne-centre?openDueDiligence=open

https://www.crexi.com/properties/357463/new-offer

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

LISTING AGENT

Boyd G. Bradfield, CCIM, SIORFounder 772 286 6292 direct772 286 7535 [email protected]


FOR SALE:

$25,750,000

mailto:[email protected]

10055-10193 s federal highway, port st. lucie, fl 34952

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