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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31270525
31270526

23133 Sandalfoot Plaza, Boca Raton, FL 33428

Fortune International Realty
Fortune International Realty
Listed by Fortune International Realty
$6,500,000
77 days on market
Updated 37 days ago

Sandalfoot Plaza Retail Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 60,272
Net Rentable (SqFt) 7,890
Units 5
Occupancy 100%
Tenancy Multi
Brand/Tenant Jiffy Lube
Lease Type Modified
Lease Term 36
Lease Expiration 02/15/2041
Remaining Term 35
Rent Bumps Yes
Pro-Forma Cap Rate 6.09%
Pro-Forma NOI $395,565
Price per SqFt $108
Broker Co-Op Yes
Year Built 1990
Buildings 1
Stories 1
Lot Size (SqFt) 60,272
Zoning CG—GENERAL COMMERCIAL
Parking Spaces spaces
Investment Type Stabilized
Lease Commencement 03/01/2005
Occupancy Date 02/15/1989
Ground Lease No

Stabilized Cash Flow | Anchor Tenant | High-Traffic Corridor

Marketing description

23133 Sandalfoot Plaza Drive represents a fully stabilized, income-producing retail asset located within Boca Raton’s established Sandalfoot corridor, offering immediate cash flow and long-term income durability. The property features prime frontage along US 441 / State Road 7, a major commercial artery with traffic counts exceeding 50,000 vehicles per day, and is surrounded by dense residential neighborhoods that drive consistent, necessity-based consumer demand. Sandalfoot Plaza is 100% occupied by a diversified mix of service-oriented tenants, including nationally recognized operators such as Jiffy Lube and Express Car Wash, alongside strong local businesses, with one tenant operating at the property since 1989—demonstrating exceptional tenant retention and long-term location viability.

The high-volume operations of Express Car Wash and Jiffy Lube generate significant daily traffic, creating consistent customer flow and valuable spillover demand that benefits the entire tenant base. These repeat-use services enhance stability and minimize vacancy risk, while a strong anchor tenant reinforces the asset’s resilience through market cycles and is currently paying above-market rent. All leases include contractual annual rent escalations, providing built-in organic NOI growth and protection against inflation. Additionally, the property benefits from a revenue-generating billboard, delivering both stable base income and participation upside, further enhancing overall yield. With durable cash flow, strong tenant fundamentals, and a prime infill location, Sandalfoot Plaza presents a compelling opportunity for investors seeking a low-risk, income-focused asset with embedded long-term upside.

Investment highlights

Above-Market Rent Anchor + Annual Increases

High daily traffic counts along US 441 / State Road 7

Dense Residential Trade Area

Listing Contacts

Fortune International Realty
Fortune International Realty
Listed by Fortune International Realty

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Additional Information

Name
Michael Ramirez Garcia
License
3601415
Brokerage Address
2666 Brickell Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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