4346-4370 Okeechobee Blvd - Storefront FOR SALE


West Palm Beach, FL 33409
$83,000,000 USD
516-650-8549
4346-4370 Okeechobee Blvd, West Palm Beach, FL for Sale
$83,000,000 USD
Storefront - FOR SALE
1/9
null | 6.02% Cap Rate

4346-4370 Okeechobee Blvd
West Palm Beach, FL 33409


HIGHLIGHTS

  • Potential for re development
  • assumable loan
  • grocery anchored new 20 year NNN lease

OVERVIEW

Prime Investment Opportunity: Premier Shopping Center at 4370 Okeechobee Blvd, West Palm Beach, FL This exceptional anchored shopping center occupies a prime corner location on approximately 30 acres along heavily trafficked Okeechobee Boulevard, directly off I-95 — positioning it as one of the highest-traffic and most desirable retail destinations in Palm Beach County (with intersection traffic counts exceeding 126,500 AADT). The property serves as a true regional draw, benefiting from excellent visibility, multiple pylon signs, and immediate access to major thoroughfares. Recently strengthened with new long-term NNN leases to national credit tenants, including Konn's (likely a typo/variant for a key tenant in context), Ollie's Bargain Outlet, and Presidente Supermarket — all secured with 20-year NNN lease terms for exceptional stability and predictable cash flow. Development Opportunities: Oversized parking fields offer substantial potential for additional development, including residential housing or further retail expansion. The surrounding demographics feature a large senior population, creating ideal conditions for high-rent medical uses such as dialysis centers (which command premium $/SF lease rates in similar markets). The property now features an assumable $40 million CMBS loan, providing favorable financing options for qualified buyers. This is a turn-key, institutional-grade retail investment with strong national anchors, exceptional location, immediate income, and clear paths to value-add growth. Ideal for investors seeking stable cash flow with redevelopment upside in one of South Florida's most dynamic submarkets. Contact for updated rent roll, and detailed financials (available to qualified parties). Do not disturb tenants.

FOR SALE DETAILS

PRICE

$83,000,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

30 AC

LAND SF

1,306,800 SF

ZONING

CG

APN/PARCEL ID

00-42-43-25-00-000-1510,00-42-43-25-00-000-1660

ASK ABOUT THIS PROPERTY

Nate SmithFIND Real Estate LLCMore Info
516-650-8549

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Nate SmithFIND Real Estate LLCMore Info
516-650-8549

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