Absolute NNN
For Sale
$3,800,000
515 S Dixie Hwy, West Palm Beach, FL 33401
Corporate-backed occupancy with tenant-paid property obligations and scheduled lease escalations supports passive ownership.
Property Size5,500 SF
Lot Size0.27 Acres
Price / SF$690.91
Days on Market91
Property Features for 515 S Dixie Hwy
General Information
Standard status
Active
Size
5,500 SF
Lot size
0.27 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1965
Buildings
1
Tenancy
Single
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Angel Pinto
Source:
Chenoregroup
Added: Jun 3
Changed: Aug 29
Last Checked: Aug 31 at 6:52PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This absolute NNN property includes a 5,500 SF building on an 11,731 SF lot, constructed in 1965. Goodyear occupies the property under a corporate-backed lease that began in 2022, with no landlord responsibility identified in the lease structure.
The initial lease term spans 15 years and provides six additional 5-year renewal options. Contractual rent increases of 10% occur every five years. The property is positioned along the US-1 corridor at 515 S Dixie Highway in Downtown West Palm Beach, with access to Okeechobee Blvd and I-95.
The combination of an established Goodyear tenancy, absolute NNN structure, defined renewal options, and scheduled escalations provides a clearly outlined long-term lease profile.
The initial lease term spans 15 years and provides six additional 5-year renewal options. Contractual rent increases of 10% occur every five years. The property is positioned along the US-1 corridor at 515 S Dixie Highway in Downtown West Palm Beach, with access to Okeechobee Blvd and I-95.
The combination of an established Goodyear tenancy, absolute NNN structure, defined renewal options, and scheduled escalations provides a clearly outlined long-term lease profile.
Key Highlights
- Corporate‑backed Goodyear tenancy under an absolute NNN lease
- 15‑year lease commencing in 2022
- Six 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed occupancy with tenant-paid property obligations and scheduled lease escalations supports passive ownership.
Where is this nnn property 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 $3,800,000.
What are key features of this property?
This property features: Corporate‑backed Goodyear tenancy under an absolute NNN lease; 15‑year lease commencing in 2022; Six 5‑year renewal options
