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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