3405 Northwest Federal Highway

Highlights:

• - 100% leased medical mix: Five tenants including Stuart Urgent Care, Calvary Community Church, North Stuart Physical Therapy, Electrolysis Laser Center, and TCMA Care, all in-place with no vacancy.
• - Healthcare tenancy: Majority of GLA occupied by medical and wellness users (urgent care, physical therapy, laser/electrolysis, and urgent care-style clinic), benefiting from Port St. Lucie’s aging and healthcare-oriented population base.
• - High-visibility US‑1 frontage: Approx. 288 feet of frontage on NW Federal Highway with pylon signage in a “Somewhat Walkable” corridor (Walk Score mid‑50s).
• - Ample surface parking: 113 surface parking spaces, 7.9 spaces per 1,000 SF ratio, ideal for medical and high-visit uses.
• - Dense, affluent trade area: 5‑mile population of ~120,000 with median household income in the mid‑$60,000s and strong 5‑year growth projections.
• - Strong traffic counts: US‑1/Federal Highway traffic exceeding 50,000–70,000 vehicles per day within a half‑mile of the site, driving daily visibility and tenant demand.
• - Tight retail market: Port St. Lucie retail vacancy around low‑4% with strip centers near 3.8% vacancy and market rents around $24/SF NNN, supporting rent growth and backfill strength.
• - Limited competing vacancy: Peer strip centers in the immediate trade area are effectively fully leased with availability rates near 0% and NNN rents generally in the high‑teens to mid‑$20s per SF.
• - Pro-growth regional fundamentals: Port St. Lucie metro population ~550,000 with strong net migration, above‑average homeownership, and growing healthcare employment base fueling long‑term retail and medical demand.

Description:

The Property’s fully leased status with stable medical and community service tenants supports a strong ROI, underpinned by an updated rent roll reflecting approximately $266,000 in annual base rental income. Several occupants currently on month‑to‑month terms are paying under‑market rents, presenting near‑term upside through renewals or repositioning at market rates. Durable concrete block construction with a metal roof helps reduce long‑term maintenance exposure, while 113 on‑site parking spaces provide exceptional parking capacity, enhancing tenant retention and future leasing flexibility across a variety of medical and community‑oriented uses.

The property is at a signalized hard corner on US‑1 and Jack Williams Way in northern Martin County’s primary commercial artery, offering strong visibility to high daily traffic serving Jensen Beach, Stuart, and the broader Treasure Coast trade area. Surrounded by regional retail anchors such as Treasure Coast Square and nearby power centers, as well as civic uses like the Hoke Library accessed via Jack Williams Way, the site benefits from a steady mix of destination and neighborhood traffic throughout the day.

3405 NW Federal Highway is a 14,265 SF, single-story strip center situated on approximately 2.94 acres in Jensen Beach, Florida, featuring about 288 feet of frontage and pylon signage along the high-traffic US‑1 corridor within the Port St. Lucie retail submarket. The property is fully leased to five primarily medical and service-oriented tenants, including urgent care and physical therapy users, positioned in in-line suites that face the main parking field. The site offers approximately 113 Surface Parking Spaces, which strongly supports high-visit medical and service traffic. Surrounded by complementary neighborhood retail and established residential communities in a growing trade area with solid household incomes and retail spending, the center benefits from both strong visibility and durable local demand drivers.

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