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29221506
29221507

11701 US-1, North Palm Beach, FL 33408

Johnston Group Development & Construction
Listed by Johnston Group Development & Construction
$12,395,000
147 days on market
Updated 20 days ago

Gardens Square

Details
APN 00-43-42-04-00-000-3300
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 20,008
Cap Rate 6.36%
NOI $788,532
Tenancy Multi
Lease Type NNN
Price per SqFt $620
Class A
Year Built 2000
Acreage 2.420
Zoning General Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 6.36% CAP | 20,008 SqFt

Marketing description

Offered for sale is a well-located, institutional-quality retail strip center in North Palm Beach, Florida, totaling 20,008 square feet on a 2.42-acre site. The property is 100% leased to a strong mix of nationally and regionally recognized tenants, including Waterfront Properties, City Mattress, and Third Federal, all operating under NNN lease structures, providing passive and predictable cash flow for ownership.

The center features direct frontage on US Highway 1, a major north–south corridor with average daily traffic counts exceeding 29,000 vehicles, delivering excellent visibility, access, and signage exposure. The surrounding trade area is supported by exceptional demographics, with over 55,000 residents within a three-mile radius and a median household income exceeding $90,000, reinforcing long-term tenant demand.

The property generates an NOI in excess of $780,000, offering an attractive return in a high-barrier-to-entry, affluent coastal market. With stabilized NNN leases, strong in-place income, and an irreplaceable location, this asset presents an outstanding opportunity for investors seeking durable cash flow and long-term appreciation in South Florida.

Investment highlights

Located in the highly desirable Palm Beach Gardens Market

2.42 acres

Listing Contacts

Johnston Group Development & Construction
Listed by Johnston Group Development & Construction

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$788,532.00
$65,711.00/mo

Valuation Metrics

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DSCR
6.36%
Cap Rate
6.36%
ROI

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