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Expenses
NNN w/Increases
Year Built
1998
Total GLA
8,983 SF
Four Tenants
E-Commerce Proof
Easily Accessible
79,500+ VPD
INVESTMENT HIGHLIGHTS
Stable Investment Opportunity | Anchored by Sanctuary Medicinals, this multi-tenant property is 100% leased to four service-oriented, Internet-proof tenants. The NNN leases feature annual rental increases that vary from two to three percent, and all the tenants reimburse the Landlord for their pro-rata shares of real estate taxes, insurance and Common Area Maintenance (CAM).
Easily Accessible, Highly Visible Retail Location | In addition to its prominent signage, the Property is improved with asphalt paved parking (60 spaces) and benefits from a dedicated turn lane along Powerline Road near the intersection with West Palmetto Park Road (which boasts combined traffic counts of approximately 79,500 cars daily).
Walking Distance to Retail | The Property is adjacent to Grove Centre and is within walking distance of several small shopping centers that feature a mix of national, regional and local tenants including: Winn-Dixie, LA Fitness, TD Bank, Anthony’s Coal Fired Pizza, David Stern Jewelers and more.
Walking Distance to Several Affluent Golf Communities | Within 1 mile of the Property are some of the most affluent golf communities in Florida including Boca West, Boca Lago, Boca Del Mar, Boca Pointe and Boca Grove. These communities are home to several thousand residents over multiple niche villages/subdivisions featuring varied home values and amenity-rich neighborhoods.
Minutes from Notable Boca Raton Destinations | The Property’s location puts it within five miles from many of Boca Raton’s most notable sites, including the Boca Raton Airport, which recently earned its international status to accommodate business & recreational visitors worldwide. The Town Center at Boca Raton is just over 2 miles away and is one of South Florida’s top luxury shopping centers with 5 fashion anchor department stores and recently underwent a $50 million makeover.
