800 State Road 7 Wellington, FL 33414
- Retail properties
- 207,030 SF
Current Use by Public Records
- Retail properties
Property Details for 800 State Road 7
- Property size
- 207,030 SF
- Property type
- Retail properties
Description
Shoppes at Isla Verde, a 207,030-square-foot, two-story retail center in Wellington, Florida, presents a unique investment opportunity. Currently 100% vacant, this single-tenant property boasts a prime location at 800 S State Rd 7, 33414, benefiting from high visibility and accessibility. Situated in Palm Beach County, the center enjoys exceptional demographics, with a dense population of nearly 9,700 within one mile, boasting an average household income exceeding $133,178 and an average age of 36. Expanding the radius to five miles reveals a population exceeding 217,000, with an average household income over $103,114 and an average age of 42. Projected 10% population growth within the next five years promises significant future retail demand. The property's strategic location is further enhanced by its proximity to four new luxury housing developments announced in 2023, and its convenient access from State Road 7/Hwy 441 via a signalized intersection. Daily traffic exceeding 60,000 vehicles ensures high exposure. The center is anchored by established national retailers including Best Buy, Ulta, Old Navy, Petco, and JOANN, indicating a strong retail market presence. This property offers a substantial opportunity for a single tenant to establish a significant retail presence in a thriving, affluent community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wellington
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.2433
- Latitude
- 26.6375
