4960 Okeechobee Road - 4960 Okeechobee Road, Fort Pierce, FL 34947

• FEE SIMPLE NNN LEASE, BONUS DEPRECIATION ELIGIBLE – SQRL operates on a corporately guaranteed triple-net (NNN) lease, allowing for a hands-off passive form of ownership. The fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease. Additionally, this location qualifies for bonus depreciation due to the size of the c-store.. • INCOME TAX-FREE STATE – The SQRL gas station is located within Florida, an income tax-free state. Florida was ranked by the Census Bureau as the fastest growing state within the United States in 2022. . • NEARBY INTERSTATE HIGHWAY ACCESS – The property is just under a mile off Exit 129 off Interstate 95, a major thoroughfare within the area boasting 71,160 VPD.. • LONG TERM LEASE WITH RENTAL INCREASES – SQRL began a twenty (20) year lease term in June of 2023. The lease features two percent (2%) annual increases including in their four (4), five (5) year option periods.. • HIGH GROWTH AREA – The demographic area within 1-mile of the Fort Pierce property has seen substantial growth as the population and number of households have both grown by an average of over 38% since 2010.. • METRO AREA LOCATION – SQRL sits along Okeechobee Road (35,500 VPD) in Fort Pierce, a city located within the Port St. Lucie MSA that is home to over 500,000 residents.. • BUSTLING RETAIL CORRIDOR – In addition to nearby interstate highway access, SQRL is also surrounded by a host of nearby, national retailers along Okeechobee Road making it an ideal location. SQRL is surrounded by retailers such as: Walmart Supercenter, The Home Depot, Walgreens, PNC Bank, Tractor Supply Co., Firestone, Advance Auto Parts, Dollar Tree, GameStop, AT&T, Applebee’s, Red Lobster, Wawa, McDonald’s, Starbucks, Chick-Fil-A, Dunkin’, Wendy’s, KFC, Burger King, Sonic Drive-In, and Subway demonstrating the strength of the retail corridor.