11701 US Highway 1 - Freestanding FOR SALE


Palm Beach Gardens, FL 33408- Outer Palm Beach Gardens/Jupiter
$12,495,000 USD
561-262-0846
11701 US Highway 1, Palm Beach Gardens, FL for Sale
$12,495,000 USD
Freestanding - FOR SALE
1/9
null | 6.31% Cap Rate

11701 US Highway 1
Palm Beach Gardens, FL 33408
Outer Palm Beach Gardens/Jupiter


HIGHLIGHTS

  • Located in the highly desirable Palm Beach Gardens Market
  • 2.42 acres
  • Historically strong, long-term tenant location supported by durable market demand
  • 154' Frontage on US Highway 1

OVERVIEW

Offered for sale is a well-located, institutional-quality retail strip center in North Palm Beach, Florida, totaling 20,008 square feet on a 2.42-acre site. The property is 100% leased to a strong mix of nationally and regionally recognized tenants, including Waterfront Properties, City Mattress, and Third Federal, all operating under NNN lease structures, providing passive and predictable cash flow for ownership. The center features direct frontage on US Highway 1, a major north–south corridor with average daily traffic counts exceeding 29,000 vehicles, delivering excellent visibility, access, and signage exposure. The surrounding trade area is supported by exceptional demographics, with over 55,000 residents within a three-mile radius and a median household income exceeding $90,000, reinforcing long-term tenant demand. The property generates an NOI in excess of $780,000, offering an attractive return in a high-barrier-to-entry, affluent coastal market. With stabilized NNN leases, strong in-place income, and an irreplaceable location, this asset presents an outstanding opportunity for investors seeking durable cash flow and long-term appreciation in South Florida.

FOR SALE DETAILS

PRICE

$12,495,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardens Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

CG

APN/PARCEL ID

00-43-42-04-00-000-3300

ASK ABOUT THIS PROPERTY

Zachary PergeorelisJohnston Group Real Estate ServicesMore Info
561-262-0846

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Zachary PergeorelisJohnston Group Real Estate ServicesMore Info
561-262-0846

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