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Off Market
1/9

125 Spanish River Blvd
Boca Raton, FL 33431


HIGHLIGHTS


OVERVIEW

Marcus & Millichap is proud to exclusively market the Boca Raton Farm Stores NNN investment. This is a newly renovated single tenant corporate farm stores property located on Spanish River Blvd west of Federal Highway in the exclusive municipality of Boca Raton. The property is currently being remodeled by the tenant. The property has great visibility and access on a corner location in the heart of Boca Raton. Farm Stores originally opened a store in this location in 1977 and the owner has recently re-signed a brand new 15 Year absolute NNN lease whereby the tenant is responsible for all maintenance of the property including the roof and structure. An investor can enjoy strong cash flow with no management responsibilities. Additionally, the corporate lease includes aggressive three percent annual base rental increases. Boca Raton is known worldwide as a wealthy exclusive Palm Beach County municipality with strong demographics very high barriers to entry. With an average household income of over $111,000 within three miles of the subject property, this is a rare opportunity to own a small single tenant asset within the Boca Raton sub market. Spanish River Boulevard has an average daily traffic count of over 20,500 cars per day and benefits from the constant student customer traffic from Florida Atlantic University. The Farm Stores drive-thru concept is well-known to Floridians who have been shopping there for decades and is as popular as ever. Farm Stores, thanks to their simple operations and customer loyalty-base have been expanding statewide as well as nationally. Rarely do any NNN leased properties come available in South Florida at a price point below $1,200,000. This is a great investment opportunity for a buyer looking for no management responsibilities and long-term cash flow from a strong business model.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Farm Stores Boca Raton

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

720

STORIES

1

YEAR BUILT

1977

SPRINKLERS

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PARKING SPACES

6

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

06-43-47-07-02-031-0281