105 S State Road 7 - Storefront FOR SALE


Royal Palm Beach, FL 33414- Outer Royal Palm Beach/Wellington
$4,500,000 USD
954-245-3474
105 S State Road 7, Royal Palm Beach, FL for Sale
$4,500,000 USD
Storefront - FOR SALE
1/5
null | 5.83% Cap Rate

105 S State Road 7
Royal Palm Beach, FL 33414
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • 100% Leased Multi-Tenant Asset – Anchored by national and regional tenants on NNN leases, providing long-term stability.
  • Durable Cash Flow with Upside – Generates $262,249 in current NOI, with potential to increase income by repositioning existing leases to market rents.
  • Premier Location with Exceptional Visibility – Situated along US-441 (State Road 7), benefiting from over 120,000 vehicles per day.
  • Affluent and Dense Trade Area – Over 68,000 residents and an average household income of $109,000 within a 3-mile radius.
  • Institutional-Quality Construction – Built in 2002, featuring ±1.8 acres of land and a robust 8.1/1,000 SF parking ratio.

OVERVIEW

Marcus & Millichap is pleased to exclusively offer 105 S State Road 7, a ±10,100-square-foot, fully leased retail center located in the heart of Royal Palm Beach, Florida. Positioned on a ±1.8-acre parcel with prominent frontage along State Road 7 (US-441), the property enjoys exposure to over 120,000 vehicles per day across nearby intersections. This corridor is one of the most heavily trafficked and commercially active in Palm Beach County, surrounded by dense residential communities and major national retailers. The tenant mix features Sherwin-Williams, The Original Pancake House, and Supreme Clean—all operating under NNN leases with built-in rent escalations and renewal options. These leases provide reliable in-place income and minimize near-term rollover risk, making this a compelling opportunity for investors seeking stable cash flow in a tax-advantaged, high-growth Florida market. Originally built in 2002, the property benefits from modern construction, prime location, and a high parking ratio of 8.1 spaces per 1,000 square feet. With limited comparable retail inventory in the immediate area and consistently strong market fundamentals, this property is well-positioned to capitalize on continued demand in one of South Florida’s most stable and affluent suburban markets.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

5.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

CG

APN/PARCEL ID

72-41-43-36-01-002-0000

ASK ABOUT THIS PROPERTY

Madison ChungMarcus & MillichapMore Info
954-245-3474

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Madison ChungMarcus & MillichapMore Info
954-245-3474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.