NNN and Net Lease Properties in Martin County
Martin County net lease deals are single-tenant retail, QSR, pharmacy, and service assets where the tenant carries taxes, insurance, and maintenance. The county currently shows 1 active for-sale retail listings in our feed, the segment where most net-leased product surfaces, at a median asking price of $1,300,000. We broker both sides of this market.
Retail and single-tenant listings in Martin County
| Active for-sale retail listings | 1 |
| Active for-lease retail listings | 0 |
| Median asking price (for sale) | $1,300,000 |
| Median asking price per SF | $590 / SF |
Retail feed listings are the closest public proxy for the net-lease universe; single-tenant deals surface in the MLS as retail. Computed from active MLS feed data, refreshed daily. Data as of 2026-07-03.
How net lease trades in Martin County
Martin County is a scarcity market by design: a four-story height cap and restrictive growth policy keep new single-tenant development to a trickle, so net-lease trades here are infrequent and closely watched. The inventory that exists concentrates along US-1 through Stuart and Jensen Beach and at the Bridge Road interchange serving Hobe Sound, with tenant demand anchored by an affluent, older, year-round demographic.
For buyers, Martin offers something the tri-county rarely does: net-lease real estate where the competing-supply risk is structurally low. For sellers, thin comp sets cut both ways; without an active broker read on off-market demand, assets here are routinely mispriced against Palm Beach benchmarks that do not reflect Martin's supply picture.
Trade volume is thin enough that quoting a tight range would be false precision: observed asking cap rates on the occasional marketed Martin County net-lease deal have generally landed between the high 5s and around 7, with the discount to Palm Beach narrowing for newer product with term. Observed asking figures from a small sample; underwrite each deal on its own.
Martin County net lease FAQ
What cap rates do NNN properties in Martin County trade at?
Trade volume is thin enough that quoting a tight range would be false precision: observed asking cap rates on the occasional marketed Martin County net-lease deal have generally landed between the high 5s and around 7, with the discount to Palm Beach narrowing for newer product with term. Observed asking figures from a small sample; underwrite each deal on its own.
What kinds of net lease tenants are active in Martin County?
The most active single-tenant categories we see trading in Martin County are Pharmacy, banks, QSR along US-1, automotive service, medical outparcels serving Cleveland Clinic and HCA feeder demand, and convenience-fuel at the interchange locations. Tenant mix shifts with the corridor, so we always read the specific lease and location together.
Is Martin County a good market for 1031 exchange buyers?
1031 buyers increasingly reach into Martin County when tri-county yields compress, treating it as the natural next stop up the coast. Because so little inventory is publicly marketed, most exchange placements here start from owner outreach rather than a listing search.
Do you have off-market net lease deals in Martin County?
Yes. A meaningful share of net-lease transactions in Martin County never reach public marketing: sellers test pricing quietly against buyer mandates first. Get on our off-market list with your criteria (tenant type, price band, minimum term) and we match new inventory against it as it surfaces.