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    515 S Dixie Hwy West Palm Beach, FL 33401

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    For Sale
    $4,250,000

    Corporate-backed NNN lease with investment-grade tenant in West Palm Beach.

    Lot size:
    0.27 Acres

    Property Features for 515 S Dixie Hwy

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1965

    Source: APEX Capital Realty LLC Agent Miguel Pinto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Goodyear NNN Lease Investment Opportunity

    This property features a corporate-backed, absolute NNN lease with Goodyear, offering investors a hands-off, bond-style income stream. The lease commenced in 2022 and spans 15 years, including six 5-year renewal options. Rent increases are structured at 10% every five years. The property is located on the high-traffic US-1 corridor in Downtown West Palm Beach, providing excellent visibility and easy access to Okeechobee Blvd and I-95. The building spans 5,500 square feet and is situated on an 11,731 square foot lot. With zero landlord responsibility, this property delivers stable cash flow and a 25-year horizon of built-in escalations, making it suitable for investors seeking reliable, long-term income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Goodyear Auto Service Tire Shop

    Suggested Use

    Restaurant Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dyno and Performance, JFM Motorcars Inc., Palm Beach Finest Towing II, Cheapo Tires & Wheels, Florida Speed And Performance

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0539337
    Latitude
    26.7088155

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    FAQs

    What type of property is this?
    Auto shop - Corporate-backed NNN lease with investment-grade tenant in West Palm Beach.
    Where is this auto shop located?
    The property is located at 515 S Dixie Hwy West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Absolute NNN lease with Goodyear, providing hands-off, bond-style income.; - 15-year lease commenced in 2022, with six 5-year renewal options.; - 10% rent increases every five years, offering predictable growth.
    (305) 570-2600
    Request Owner's contact information
    515 S Dixie Hwy West Palm Beach, FL 33401
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    West Palm Beach, FL 33401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 S Dixie Hwy West Palm Beach, FL 33401
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