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NNN-Leased Retail Strip Center

11701 US HIGHWAY 1, Palm Beach Gardens, FL 33408

For Sale
$12,395,000

Three established retail tenants occupy the center under NNN lease structures.

Property Size20,008 SF
Lot Size2.42 Acres
Price / SF$619.50
Days on Market94

Property Features for 11701 US HIGHWAY 1

General Information

Standard status Active
Size 20,008 SF
Lot size 2.42 Acres
Property subtype Retail
Occupancy 100%

Additional Details

Anchor Co-Tenants Waterfront Properties, City Mattress, Third Federal
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $108,995

Building Details

Building Size 20,008 SF
Year Built 2000
Tenancy Multi
Listing Agency: Johnston Group Real Estate Serv
Listed By: Zachary Pergeorelis · License #3423565
Source: Jofregroup
Added: Aug 6 Changed: Nov 6 Last Checked: Nov 6 at 3:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johnston Group Real Estate Serv

Rey
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Investment Insights

Based on property information with market context.

Built in 2000, this retail strip center contains 20,008 square feet on a 2.42-acre site. The property is fully leased to Waterfront Properties, City Mattress, and Third Federal, with each tenant operating under an NNN lease structure.

Key Highlights

  • 20,008‑square‑foot retail center on a 2.42‑acre site
  • Fully leased to Waterfront Properties, City Mattress, and Third Federal
  • All tenant leases are structured as NNN

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Auto Repair Shop Bakery (Bike/Boat/Book/etc) Store Pharmacy Dental Office Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 33408, FL

18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Three established retail tenants occupy the center under NNN lease structures.
Where is this strip mall located?
The property is located at 11701 US HIGHWAY 1 Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $12,395,000.
What are key features of this property?
This property features: 20,008‑square‑foot retail center on a 2.42‑acre site; Fully leased to Waterfront Properties, City Mattress, and Third Federal; All tenant leases are structured as NNN
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