Boca Raton Retail
For Sale
Contact for pricing
Pending
8851 Glades Road, Boca Raton, FL 33434
Retail property with JP Morgan Chase as tenant.
Property Size3,966 SF
Days on Market913
Property Features for 8851 Glades Road
General Information
Standard status
Pending
Size
3,966 SF
Property subtype
Industrial
Building Details
Year Built
1989
Units
1
Listing Agency:
H. Alan Welles Commercial Real Estate, LLC
Listed By:
H. Alan Welles
Source:
Crexi
Added: Feb 11, 2024
Changed: Aug 11
Last Checked: Aug 11 at 11:51AM
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 H. Alan Welles Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial property is located in Boca Raton, Florida. The property is currently leased to JP Morgan Chase with 9 years remaining on the lease. The lease includes 3% annual increases. The property generates a net operating income of $300,580, representing a 4% capitalization rate. The property has a size of 3,966 square feet and is suitable for banks and retail businesses.
Key Highlights
- 4% Cap Rate
- Tenant is JP Morgan Chase
- Lease has 9 years remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
284k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Shops & Services 39%
Dining 19%
Home Improvements & Furnishings 2%
T.J. Maxx
Apparel
49,084 visits/mo
0.2 miles
Ross Dress for Less
Apparel
33,082 visits/mo
0.1 miles
Michaels
Shops & Services
26,662 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,642 visits/mo
0.1 miles
Chevron
Shops & Services
19,249 visits/mo
0.0 miles
Demographics for 33434, FL
21,003
Population
13,570
Households
1.5
Avg Household Size
63
Median Age
56%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
3,044
Density / Sq Mi
$75,480
Median Household Income
$51,830
Median Earnings
$1,500
Median Rent
$379,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Retail property with JP Morgan Chase as tenant.
Where is this bank located?
The property is located at 8851 Glades Road Boca Raton, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 4% Cap Rate; Tenant is JP Morgan Chase; Lease has 9 years remaining
