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28982856
28982968

2 Locations

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International
Unpriced
167 days on market
Updated 17 days ago

1601-1701 S Congress Avenue

Details
Property Type Land, Retail
Sub Type Commercial
Cap Rate 5.00%
Lease Type NNN
Year Built 2004,2021
Acreage 4.920
Zoning C3 (Commercial)
Investment Type Value Add
Ground Lease Yes
Ownership Fee Simple

Land | 4.92 acres

Marketing description

3 high value assets on prime corner – offered individually or portfolio

1701 S Congress Ave.

Development site adjacent to net lease assets

Investment highlights

  • Prime Hard Corner Location: Situated on a signalized intersection with 4.92 acres, offering exceptional visibility and access along the high-traffic S Congress Ave corridor in Boynton Beach, FL.

  • Corporate-Backed McDonald’s Ground Lease:1701 S Congress features a McDonald’s corporate backed ground lease with 13 years remaining and extension options through 2078, providing long-term, stable income.

  • Walgreens Anchored Strip Center:1601 S Congress includes a Walgreens NNN lease with five extension periods remaining.

  • Additional Income from Kessler Holdings: The strip center also includes Kessler Holdings on a 5-year NNN lease expiring in 2029, diversifying the income stream.

  • 100% Occupied Retail with NNN Leases: Both tenants in the strip center are on triple-net (NNN) leases, minimizing landlord responsibilities and maximizing passive income.

  • Vacant 1.45-Acre Parcel for Development: The portfolio includes a 1.45-acre vacant land parcel, ideal for future development or value-add opportunities in a growing market.

  • Strong Tenant Credit & Stability: National tenants like McDonald’s and Walgreens offer creditworthy, recession-resistant income, appealing to institutional and private investors alike.

  • High Traffic Counts & Dense Demographics: Located in a thriving commercial corridor with strong surrounding demographics and daily traffic counts that support retail success.

  • Long-Term Upside Potential and Property Appreciation: With leases extending to 2078 and a development-ready parcel, this portfolio offers immediate cash flow and long-term appreciation potential.

  • Offered Individually or Portfolio | Corporate-Backed McDonald's Ground-Lease & Walgreens

  • Build-to-Suit Prototype Design with Drive-Thrus

  • Main on Main Congress Ave & W. Wooldbright Rd | Excellent Traffic Counts: 70,000+ VPD

  • Located Between Boca Raton & West Palm Beach

  • Infill Palm Beach County Demos & Ultra High Affluence

  • Rare Excess Land Included in Offering; Zoned C3

  • Inundated with Retail, Healthcare & Rooftop Density

  • 4,000+ New Residential Unit Deliveries in 2027; 1.1M SQFT Office

  • 1701 S Congress

  • Original lease term :20 Years

  • Term remaining: 13.4 Years

  • Renewal options (2) 5-Year Options Guaranteed (3) 10-Year Options Subsequently

Listing Contacts

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International

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