$7,709,000 USD
561-427-6699
8752 Atlantic Ave
Delray Beach, FL 33446
Outer Delray Beach
HIGHLIGHTS
- Plaza Delray is anchored by Joseph's Classic Market, a gourmet market and grocery store which caters to affluent communities in South FL
- Leases allow for reimbursement of all operating expenses including professional management, administration fees and an over-head fee
- $218,000 AHHI and $980,000 average home value in 1 mile
- Excellent visibility to 35,500 VPD along Atlantic Ave. with full access from signalized intersection
- Fee simple ownership allows for depreciation boosting after tax returns
- Fixed rental increases (3% annual & 10% every 5 years) provides hedge against inflation
FOR SALE DETAILS
PRICE
$7,709,000 USD
PRICE/SF
$756 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Plaza Delray Shops | NNN Leases | 13-YR WALT
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
58
LAND DETAILS
LAND ACRES
7.06 AC
LAND SF
307,702 SF
ZONING
-
APN/PARCEL ID
00-42-46-20-22-001-0010
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561-427-6699
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561-427-6699
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