- Opportunity to acquire the Tradition Retail Center, a two-building multi-tenant asset in Port St. Lucie, Florida
- The site consists of a healthy service oriented tenant lineup that matches well with the surrounding area’s demographic and consumer base
- At 100% occupancy, the expense leakage for a new investor is limited
- 2020 construction that features high quality materials, distinct design elements, and high-level finishes
Investment Offering
Port St. Lucie, FL - Tradition Executive Plaza
10190 SW Village Pkwy | Port St. Lucie, FL 34987
$10,995,000
Price6.3%
Cap Rate28,820 SF
± SF Building Size2.9
± AC Lot SizeDescription
Location
- Tradition Retail Center is ideally located at the corner of SW Village Pkwy and SW Rowley Way
- The asset’s position off I-95 (84,000 VPD) will allow users and residents alike to benefit from direct on/off ramp access to the site and surrounding trade area
- Located less than 1 mile South of the property is The Landing at Tradition, a 78 acre, 221,000 square foot community shopping center that features national tenants such as Target, T.J. Maxx, PetSmart, Burlington, and more, creating a large consumer draw to the trade area
- The Landing at Tradition is ranked in the top 92% of all community shopping centers nationwide, in the top 93% of all Florida community shopping centers, and top 100% of all community shopping centers within a 15-mile radius
- Located 2 miles Southeast of the property is Gatlin Plaza, a 178 acre, 285,000 square foot community shopping center that features national tenants such as The Home Depot, Bass Pro Shops, Floor & Decor, and more
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739