9940 Belvedere Rd - Retail FOR SALE


Royal Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington
$7,800,000 USD
305-793-2826
9940 Belvedere Rd, Royal Palm Beach, FL for Sale
$7,800,000 USD
Retail - FOR SALE
1/6
null | 5.01% Cap Rate

9940 Belvedere Rd
Royal Palm Beach, FL 33411
Outer Royal Palm Beach/Wellington


HIGHLIGHTS

  • Multi-tenant Retail Strip Shadow Anchored by Top 7% Walmart Nationwide
  • Synergistic Service Driven Tenant Mix - 50% Medical & 40% Food & Beverage
  • 60% of the Tenants have Occupied their Space for Over a Decade
  • 40% of Center Occupied by National Tenant
  • Average Household Income within 1-Mile Radius of $128,542
  • All Tenants Separately Metered for Electric and Water

OVERVIEW

Marcus & Millichap, as exclusive agent, is pleased to market for sale 9940 Belvedere Road in Royal Palm Beach, Florida. 9940 Belvedere Road is a 12,600 square foot multi-tenant retail property that is shadow anchored by Walmart. The property is located just east of the signalized intersection of State Road 7 and Belvedere Road. It benefits from 42,500 vehicles per day along State Road 7 and nearly 20,000 vehicles per day along Belvedere Road. The property was built in 2004 and is 100% occupied, of which 40% is occupied by national tenants. Many of the tenants have operated at the property for more than 10 years showing a commitment to the location.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$619 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,347 SF

ZONING

CG

APN/PARCEL ID

72-42-43-31-07-000-0030

ASK ABOUT THIS PROPERTY

Matthew AlbregtsMarcus & MillichapMore Info
305-793-2826

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Matthew AlbregtsMarcus & MillichapMore Info
305-793-2826

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