Property Highlights
Attractive investment opportunity: The Property sits at a prominent location along Southeast Federal Highway (40,000 ADT) adjacent to Wawa with multiple points of ingress/egress on Southeast Johnson Avenue and East Florida Street. The site is across from the Stuart Shopping Center and is near major national retailers like McDonald’s, Burger King, Bank of America and Quality Inn. The lease features a strong tenant with a corporate guarantee, multiple options to renew, rent increases and no landlord responsibilities.
Successful, recognized tenant: This TD Bank property is a highly attractive fee-simple investment that allows for depreciation and is a relocation to a new prototype. TD Bank is a strong global tenant (S&P: AA-) with a growing network of bank branches in highly visible locations in both urban and suburban settings. This particular TD Bank branch has reported deposits of more than $140 million since 2016, an increase of nearly 40 percent since 2015.
Located on the Treasure Coast: The Property is located in the city of Stuart, which sits along Florida’s Treasure Coast and is included in the larger Port St. Lucie MSA. The economy is driven by retail service, hospitality, construction and government sectors. U.S. Highway 1 connects Stuart to nearby metropolitan centers like Fort Pierce and West Palm Beach.