2000 Okeechobee Blvd - Auto Dealership FOR SALE


West Palm Beach, FL 33409
$3,636,000 USD
561-721-7036
2000 Okeechobee Blvd, West Palm Beach, FL for Sale
$3,636,000 USD
Auto Dealership - FOR SALE
1/6
null | 5.5% Cap Rate

2000 Okeechobee Blvd
West Palm Beach, FL 33409


HIGHLIGHTS

  • Newly Executed 7-Year Lease With 2% Annual Increases in West Palm Beach
  • Investment Grade Credit: Sixt Rated as BBB by S&P 500
  • Incredible Visibility: 60,000 VPD on Okeechobee Blvd
  • Strategic Location Along Okeechobee Blvd Between President Donald J. Trump International Airport, I-95, Downtown West Palm Beach/CityPlace and Palm Be
  • Prime Urban Location: 275,000+ Residents within 5 Mile Radius
  • SIXT Has Strong Annual Revenue Growth: $4.28B

OVERVIEW

Franklin Street is pleased to present the opportunity to acquire 2000 Okeechobee Boulevard in West Palm Beach, Florida, a strategically located automotive property subject to a newly executed lease with Sixt Rent A Car, LLC. The lease provides for initial annual base rent of $200,000 with 2.0% annual increases, a seven-year initial term and two, five-year extension options. The propery is positioned along Okeechobee Boulevard, one of West Palm Beach's primary commercial corridors, providing connectivity between President Donald J. Trump International Airport, I-95, Downtown West Palm Beach/CityPlace and Palm Beach. The location benefits from a diverse demand base driven by tourism, business travel, population growth and the continued expansion of Downtown West Palm Beach as a major South Florida employment and financial center. Sixt is one of the world's leading premium mobility providers and continues to expand its U.S. platform. The company reported more than $1.5 billion in U.S. revenue in 2025, while Palm Beach county welcomed a record 10.7 million-plus visitors during the same year. The 0.51-acre property benefits from a long-established automotive history, with Palm Beach County confirming that Light Vehicle Sales and Rental remains a vested use for the site. The property is currently being prepared for SIXT occupancy, with the location targeted to open by year--end 2026.

FOR SALE DETAILS

PRICE

$3,636,000 USD

PRICE/SF

$2,913 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sixt Rent A Car

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

CG

APN/PARCEL ID

00-43-43-29-05-000-0070

ASK ABOUT THIS PROPERTY

Brian RichardsonFranklin StreetMore Info
561-721-7036

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Brian RichardsonFranklin StreetMore Info
561-721-7036

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