131K SF SEARS SHOPPING CENTER
130K SF VALUE-ADD SHOPPING CENTER
Palm Beach County, FL
PRICE $20,000,000
GLA 130,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 10% Proj.
OCCUPANCY 31%
YEAR BUILT 1970/1972/1990
Palm Beach County, FL
PRICE $20,000,000
GLA 130,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 10% Proj.
OCCUPANCY 31%
YEAR BUILT 1970/1972/1990
DEMOGRAPHICS
Population 117,286
Per Capita Inc $34,131
Median HH Inc $54,603
Click to view map
INVESTMENT HIGHLIGHTS
- Anchored by a National Credit Tenant (Planet Fitness) with a new 15 year lease
- Outparcel opportunity
- 10% Cap Rate upon stabilization
- Offered at only $154 psf while the center next door traded at over $400 psf
- Over 153,000 population in a 3-mile radius
- Located at a very busy intersection – 80,500 vehicles per day at the intersection
- Prominent visibility with strong access and Pylon signage available
- Ample parking, about 706 spaces
| Price: | $20,000,000 |
| City: | Palm Beach County |
| State: | FL |
| Square Feet: | 130,000 SF |
| Price: | $20,000,000 |
| Cap Rate: | 10% Proj. |