4700 Broadway Avenue, West Palm Beach, FL
Retail for Sale - $1,990,000 - 8,173 Sq. Ft. on 0.37 acres


Property Info
CIMLS# | 964878 |
Location 4700 Broadway Avenue West Palm Beach FL 33407 | |
Updated | February 8th, 2018 |
Type | Retail |
Price | $1,990,000 |
Building | 8,173 Sq. Ft. |
Land | 0.37 acres |
Property Description
TIR Prime Properties is proud to present the opportunity to acquire a double net income producing opportunity in West Palm Beach, FL. The free standing single-tenant building located on US Highway 1 is fully leased by Family Dollar. The 8,173 SF building was renovated in 2007 as a build to suit, high quality construction and ADA-compliant space for Family Dollar who has occupied the space since January 1st 2008. Family Dollar has recently exercised their first lease renewal option for another 5 years at a 10% increase effective January 1st 2018 which shows their commitment to the location.
Location Description:
Centrally located in the beautiful City of West Palm Beach, Family Dollar is just east of I-95 in the highly visible Broadway Ave/US Highway 1 corridor with traffic in excess of 20,000 vehicles per day and surrounded by National Retailers such as Walgreens, PNC Bank, KFC and HR Block. The property is conveniently located in a densely populated residential area and only half a mile from Related Group's approved 6 tower, 1,059 unit mega project.
Highlights:
>> Income Producing Property with National Credit Tenant
>> Newly Extended Contract with 5 Years Remaining
>> Four Options with 10% Rent Escalations
>> Double Net Lease with Minimum Landlord Responsibility
>> Surrounded by National Retailers in Infill Location
>> Renovated in 2008 with High Quality Construction and ADA Compliant
>> Centrally Located Near I-95 and Downtown West Palm Beach
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