7959 Southern Blvd West Palm Beach, FL 33411-3805
This exceptional industrial property, located at the highly trafficked northeast corner of Southern Boulevard (US-98) and Benoist Farms Road in Palm Beach County, presents a unique investment opportunity. The site boasts unparalleled visibility and accessibility, strategically positioned on a major East/West thoroughfare averaging over 84,000 vehicles daily. Its proximity to the Florida Turnpike (79,000 VPD) further enhances its strategic value. The property is fully approved for a gas station and drive-thru restaurant, capitalizing on the dense demographics and affluent population in the surrounding area. A strong retail presence anchors the immediate vicinity, including a major shopping center (Shoppes of Southern Palms, 230,000 sq ft) with national tenants like Kohl's and Dick's Sporting Goods, as well as other popular restaurants such as Dunkin' Donuts and Texas Roadhouse. Nearby national chains include Wawa, Burger King, Chick-fil-A, McDonald's, Lowe's, and Home Depot. The I-Think Amphitheatre is conveniently located within one mile. The affluent 1-mile radius boasts an average household income of $170,000, underscoring the significant market potential. The annual lease rate is $325,000 NNN. This property offers an unparalleled combination of location, visibility, and development potential, making it an exceptional investment opportunity in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · West Palm Beach, FLWest Palm Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.