Net Leased Retail Investment Property
10461 US Highway 1, Port Saint Lucie, Florida 34952
Sold: $1,420,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,806 sqft
Land Size
0.79 acres
Zoning
PUD - City of Port St Lucie
Property Description
Freestanding Checker’s Drive-In Restaurant on absolute triple net ground lease. Restaurant open in this location since 1991. Tenant has targeted this location for a “reimage” at Tenant’s expense.
The lease on this corporate owned store has recently been extended for a new 10 year term. NNN annual rental at $83,535.00 fixed thru expiration of lease term on 12/31/27. Two 5 year options to renew with 10% bumps.