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Est. payment | /mo
5,500 SqFt
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Est. payment | /mo
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
MLS Listing ID A12026968
HOA Y/N No
Year Built 1965
Annual Tax Amount $37,608
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Industrial
Property Description
This corporate-backed, absolute NNN lease with Goodyear offers investors true hands-off, bond-style income from a globally recognized, investment-grade tenant. The 15-year lease, commencing in 2022, includes six 5-year renewal options with 10% rent increases every five years, providing predictable growth and long-term security. Located on the high-traffic US-1 corridor in Downtown West Palm Beach, the property benefits from excellent visibility, urban infill, and easy access to Okeechobee Blvd and I-95. With zero landlord responsibility, this 5,500 SF building on an 11,731 SF lot delivers stable cash flow and a 25-year horizon of built-in escalations, making it a rare opportunity for investors seeking reliable, long-term income.
Location
State FL
County Palm Beach
Area 5420
Region West Palm Beach
City Region West Palm Beach
Interior
Fireplace No
Building
Dwelling Type Retail
Others
Pets Allowed No
Tax ID 74434321080550011
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12026968
Listed by Miguel Angel Pinto APEX Capital Realty LLC
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