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2931 Northlake Blvd 1,550 SF Retail Building West Palm Beach, FL 33403 $3,683,448 CAD ($2,376.42 CAD/SF) 4.62% Cap Rate
Executive Summary
Free Standing Drive-Through Dunkin Donuts on Northlake Blvd in Palm Beach Gardens, Florida. This location is one of the top three producers in the surrounding market. Tenant has been here for 15 years and is in their first option period with 2 remaining five-year options. Morning traffic side with over 50,000 cars a day. Surrounding retail includes Target, Home Depot, Lowes, Chick-fil-a, Office Depot, Chipolte, Olive Garden, Tire Kingdom, McDonalds.
Dunkin is committed to this location with a 2027 proposed remodel. Tenant is HZ Coffee Group. Lease is NN with landlord responsible for roof and structure. Roof is medal and structure is a 1550, with a prior use as an Enterprise Car rental.
Lease Expiration 12-31-2031 (4% Annual Increases)
Three (3) Five Year Options
Dunkin is committed to this location with a 2027 proposed remodel. Tenant is HZ Coffee Group. Lease is NN with landlord responsible for roof and structure. Roof is medal and structure is a 1550, with a prior use as an Enterprise Car rental.
Lease Expiration 12-31-2031 (4% Annual Increases)
Three (3) Five Year Options
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,550 SF
Building Class
C
Year Built
1989
Price
$3,683,448 CAD
Price Per SF
$2,376.42 CAD
Cap Rate
4.62%
NOI
$170,093 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.64 AC
Zoning
CG/SE - General Commercial drive-throug permitted.
Parking
60 Spaces (38.71 Spaces per 1,000 SF Leased)
Frontage
76’ on Northlake Blvd
Amenities
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-43-42-17-00-000-7110 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,199,021 CAD |
Property Taxes
Parcel Number
00-43-42-17-00-000-7110
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,199,021 CAD
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Presented by
Strategic Realty Services, LLC
2931 Northlake Blvd
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