Sandalfoot Plaza Retail Center
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
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