4530 Donald Ross Rd - Retail FOR SALE
Palm Beach Gardens, FL 33418- Outer Palm Beach Gardens/Jupiter |
$5,320,000 USD
561-427-6699
4530 Donald Ross Rd
Palm Beach Gardens, FL 33418
Outer Palm Beach Gardens/Jupiter
HIGHLIGHTS
- Rare opportunity to acquire a multi-tenant retail asset along Donald Ross Rd. (66,000 VPD at Intersection) where barriers to entry are extremely high
- Donald Ross Village owner handles common area maintenance making this a uniquely passive investment more comparable to single-tenant offering
- Leases allow for reimbursement of all operating expenses including professional management and administration fees
- $213,000 AHHI and $1,200,00 average home value in 3 miles
- Dunkin sales are well above average and end cap drive-thru improves residual value and demands higher rental rates
- Weighted average annual rental growth of 3.55% provides excellent hedge against inflation
OVERVIEW
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Shops at Donald Ross Village in Palm Beach Gardens, FL. This two-tenant retail center features NNN leases with 3% and 4% annual rent escalations, 7.6 years of WALT and an end-cap drive-thru. Palm Beach Gardens is one of Florida's most affluent and soughtafter markets with a $213,000 AHHI and $1.2 million average home value.
FOR SALE DETAILS
PRICE
$5,320,000 USD
PRICE/SF
$1,330 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
MXD
APN/PARCEL ID
52-42-41-25-14-003-0110
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561-427-6699
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561-427-6699
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