8751-8795 Southern Blvd - Retail FOR SALE


West Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington
$38,197,362 USD
754-354-4330
8751-8795 Southern Blvd, West Palm Beach, FL for Sale
$38,197,362 USD
Retail - FOR SALE
1/19
null | 6.25% Cap Rate

8751-8795 Southern Blvd
West Palm Beach, FL 33411
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • The Shoppes at Southern Palms is a 195,248-square-foot power shopping center located in a bustling West Palm Beach neighborhood.
  • Strong tenant mix anchored by major national stores such as Kohl's, Dollar Tree, GNC, and South Florida's first Dick's Sporting Goods location.
  • High-profile nearby attractions with the adjacent South Florida Fairgrounds and iTHINK Amphitheater, which draw over 1 million visitors annually.
  • Prominently located along the heavily trafficked, highly visible Southern Boulevard, a main thoroughfare for Northern Palm Beach County..
  • Benefits from 100% center occupancy, high returns, and a position in a rapidly appreciating area driven by tourism and residential growth.
  • Over the past few years, the influx of high net worth individuals continued bolster Palm Beach resident spending.

OVERVIEW

The Shoppes at Southern Palms is a 195,248-square-foot power shopping center located in a densely populated West Palm Beach neighborhood at 8751-8795 Southern Boulevard. This bustling 14-tenant center offers exceptional storefront shopping with ample surface parking, surrounded by strong national tenancy. Fully leased, the Shoppes are anchored by national tenants such as Kohl's, Dollar Tree, and South Florida's first Dick's Sporting Goods. In addition to its well-known anchors, the property exudes beautiful upscale landscaping and excellent curb appeal. Investors will benefit from the property's strategic location, significant occupancy, high returns, and the area's ongoing appreciation driven by tourism and growing residential communities. Moments off the Florida Turnpike on heavily traveled Southern Boulevard, the Shoppes at Southern Palms boasts prominent visibility with a combined traffic count exceeding 80,000 cars per day (VPD), drawing shoppers from a large trading area. Additionally, the property is adjacent to the South Florida Fairgrounds and iTHINK Financial Amphitheater, which attracts over 1 million visitors to this intersection and further enhances this vibrant locale. Southern Boulevard is the primary east-west thoroughfare in Northern Palm Beach County, connecting the communities of Royal Palm Beach and Wellington and offering frictionless access for South Florida residents and visitors.

FOR SALE DETAILS

PRICE

$38,197,362 USD

PRICE/SF

$196 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes at Southern Palms

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

1027

LAND DETAILS

CROSS STREETS

Sansburys Way

LAND ACRES

23.65 AC

LAND SF

1,030,194 SF

ZONING

MUPD

APN/PARCEL ID

00-42-43-32-11-001-0010,00-42-43-32-11-001-0020

ASK ABOUT THIS PROPERTY

Claudio MeklerMekler Capital Management LLCMore Info
754-354-4330

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Claudio MeklerMekler Capital Management LLCMore Info
754-354-4330

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