City National Bank Plaza is a 131,945-square-foot mixed-use office and retail asset at the signalized intersection of Palmetto Park Road and Powerline Road in Boca Raton, Florida. This high-visibility property includes two outparcels and is strategically positioned within one of South Florida’s most affluent and rapidly growing communities. The center is currently 93.2% leased to a high-quality and diversified tenant mix, including national brands such as City National Bank, McDonald’s, and Bagel Boss, as well as essential service providers like Physician Care Centers. Notably, approximately 25% of the property’s income is derived from independent medical practices, offering investors durable, recession-resistant cash flow and consistent daily activity. The property benefits from 231 feet of frontage on Palmetto Park Road and enjoys substantial daytime traffic with direct access to significant employment, education, and healthcare nodes. Its location within a dense commercial corridor, combined with Boca Raton’s robust demographics, where average household incomes exceed $150,000, supports continued rent growth and sustained tenant demand. With its high occupancy, essential-service tenant base, and prime positioning in a high-barrier-to-entry market, City National Bank Plaza represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential. Additionally, the offering includes a ±2.25-acre surface lot approved for a 30,000-square-foot retail plaza with structured parking. Zoned within a Planned Unit Development (PUD), the site also permits by-right mixed-use or residential development, with the potential for increased density through Transfer of Development Rights (TDRs) and workforce housing bonuses. City National Bank Plaza is part of the Powerline Portfolio, a curated 510,155-square-foot collection of mixed-use assets along Powerline Road in Boca Raton. The portfolio includes: City National Bank Plaza, including the McDonald’s outparcel Fountains Center at Powerline Road & W Camino Real The Boardwalk at Powerline Road & SW 18th Street Grove Centre at Powerline Road & Boca Grove Boulevard All properties within the Powerline Portfolio are available for individual sale or as a portfolio. Call for Offers – June 13, 2025