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11925 Southern Blvd
Royal Palm Beach, FL 33411
Cypress Key · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Multi-Tenant Retail Center - Anchored by a diverse mix of top-performing nationally recognized tenants.
- High-Visibility, High-Traffic Location - Strategically located along Southern Boulevard with daily traffic counts exceeding 60,000 vehicles per day.
- Modern Construction & Ample Parking - Newly built retail center with contemporary design, excellent site layout, and ample surface parking.
- Long-Term NNN Leases with Built-In Growth - All tenants signed long-term, triple-net leases with contractual rent escalations and renewal options.
- Affluent, Dense Trade Area - Nearly 70,000 residents, with an average household income of $110,000+, within a 3-mile radius.
- Prime South Florida Market - Located in one of Palm Beach County’s most stable and supply constrained retail corridors.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale Cypress Key Shoppes, a ±26,000-square-foot, fully leased, multi-tenant retail center located at 11925 Southern Boulevard, in the heart of Royal Palm Beach, Florida. Strategically positioned at a signalized intersection along Southern Boulevard — one of Palm Beach County’s primary east–west corridors — the property benefits from almost 900 feet of prominent frontage and exposure to over 60,000 vehicles per day.
Anchored by a strong lineup of nationally recognized tenants including Chipotle Mexican Grill, Smoothie King, Mission BBQ, Maple Street Biscuit Company, Pei Wei Asian Kitchen, and a popular Salon Suites, Cypress Key Shoppes draws steady foot traffic throughout the day. All tenants operate under long-term NNN leases with built-in rent escalations and renewal options, with the earliest lease expiration at the end of 2029, ensuring secure, predictable cash flow for years to come.
Recently constructed, the center offers modern design, excellent access, and abundant parking, serving a dense and affluent residential population. With limited comparable new supply in the immediate trade area and robust tenant demand, Cypress Key Shoppes is well-positioned to deliver stable income and long-term value in one of South Florida’s most desirable suburban retail markets.
Anchored by a strong lineup of nationally recognized tenants including Chipotle Mexican Grill, Smoothie King, Mission BBQ, Maple Street Biscuit Company, Pei Wei Asian Kitchen, and a popular Salon Suites, Cypress Key Shoppes draws steady foot traffic throughout the day. All tenants operate under long-term NNN leases with built-in rent escalations and renewal options, with the earliest lease expiration at the end of 2029, ensuring secure, predictable cash flow for years to come.
Recently constructed, the center offers modern design, excellent access, and abundant parking, serving a dense and affluent residential population. With limited comparable new supply in the immediate trade area and robust tenant demand, Cypress Key Shoppes is well-positioned to deliver stable income and long-term value in one of South Florida’s most desirable suburban retail markets.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,720 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
NOI
$1,290,393 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
4.20 AC
Zoning
M1 - Multifamily
Frontage
518’ on Park Central
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 72-41-43-34-15-002-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,018,990 CAD |
PROPERTY TAXES
Parcel Number
72-41-43-34-15-002-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,018,990 CAD
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