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$ 6,500,000
Est. payment | /mo
1.35 Acres Lot
$ 6,500,000
Est. payment | /mo
1.35 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID A11924031
HOA Y/N No
Year Built 1990
Lot Size 1.350 Acres
Acres 1.35
Property Sub-Type Retail
Property Description
23133 Sandalfoot Plaza Drive is a fully stabilized retail asset in Boca Raton's established Sandalfoot corridor, offering immediate cash flow and long-term income security. The property features prime frontage along US 441 / State Road 7 with over 50,000 vehicles per day and is surrounded by dense residential neighborhoods that drive consistent consumer demand. The center is 100% occupied with a diversified mix of service-oriented tenants, including Jiffy Lube, Express Car Wash, restaurants, and a tint/audio operator, providing essential, repeat-use services that enhance stability and minimize vacancy risk. A strong anchor tenant reinforces the asset's resilience through market cycles and is currently paying above-market rent, while all leases include annual rent increases, ensuring steady income growth. Additionally, a revenue-generating billboard adds a secondary income stream, further enhancing returns. With solid tenant fundamentals and a prime infill location, this asset presents a low-risk, income-focused investment with upside potential.
Location
State FL
County Palm Beach
Community Shopping
Area 4240
Zoning CG General Commercia
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Common
Community Features Shopping
Road Frontage Highway, State Road
Total Parking Spaces 26
Building
Lot Description 1-2 Acres, Residential Lot
Dwelling Type Retail
Structure Type Block
Others
Tax ID 00424730340000050
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11924031
Listed by Rejane Gomes de Paula Fortune Christie's Intl R.E.
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