Property summary
This exceptional Class A shopping center in West Palm Beach, Florida presents a compelling investment opportunity. The property encompasses 195,248 square feet across four buildings, situated on a 23.65-acre lot in Palm Beach County (zip code 33411, located on Southern Blvd). Currently boasting 100% occupancy with thirteen tenants, including Walgreens, this multi-tenant retail center provides immediate cash flow. The property features ample parking with 1,027 spaces available for shoppers and employees. The Net Lease (NNN) structure minimizes landlord responsibilities. All tenants are credit-rated, mitigating risk. This property offers significant upside potential due to its prime location and strong tenant mix. An attractive feature is the availability of assumable financing with a loan amount of $18,250,000 at a 5.18% interest rate. This well-maintained, high-performing asset is ideal for investors seeking a stable, high-return investment in a thriving retail market. The property's strong financials and strategic location make it a truly exceptional opportunity. Detailed financial information is available upon request.
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6 recent transactions · within 1.5 miComparable in this City
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