835 Belvedere Rd - Retail FOR SALE


West Palm Beach, FL 33405
$5,361,300 USD
201-919-6148
835 Belvedere Rd, West Palm Beach, FL for Sale
$5,361,300 USD
Retail - FOR SALE
1/6
null | 7.25% Cap Rate

835 Belvedere Rd
West Palm Beach, FL 33405


HIGHLIGHTS

  • Brand-new 2026 construction featuring Sanctuary’s latest retail prototype design.
  • Located on a well-traveled corridor in West Palm Beach with strong visibility and access.
  • Modern architecture and enhanced operational efficiency designed for optimal performance.
  • Positioned in a growing market with a mix of residential and commercial demand drivers.

OVERVIEW

This offering presents a newly constructed, single-tenant retail property leased to Sanctuary Dispensary under a long-term, absolute NNN lease structure. The lease provides zero landlord responsibilities and includes annual rent increases, ensuring predictable income growth for investors. The property is priced at $5,361,300 with a 7.25% capitalization rate, delivering an attractive yield in a high-demand asset class. Constructed in 2026, the building reflects Sanctuary’s latest prototype design, featuring modern retail architecture, enhanced operational efficiency, and strong curb appeal. Located on Belvedere Road in West Palm Beach, the site benefits from excellent visibility and accessibility within a dense and growing market. The surrounding area includes a mix of residential neighborhoods, retail corridors, and major transportation routes, supporting consistent customer traffic. This investment combines the security of a long-term lease with a nationally recognized tenant and the advantages of new construction, making it a compelling opportunity for investors seeking stable cash flow and minimal management obligations.

FOR SALE DETAILS

PRICE

$5,361,300 USD

PRICE/SF

$1,905 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sanctuary Dispensary

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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