4346-4370 Okeechobee Blvd 357,000 SF 100% Leased Retail Building West Palm Beach, FL 33409 $115,282,849 CAD ($322.92 CAD/SF) 6.02% Cap Rate

Prime Investment Opportunity: Premier Shopping Center at 4370 Okeechobee Blvd, West Palm Beach, FL
This exceptional anchored shopping center occupies a prime corner location on approximately 30 acres along heavily trafficked Okeechobee Boulevard, directly off I-95 — positioning it as one of the highest-traffic and most desirable retail destinations in Palm Beach County (with intersection traffic counts exceeding 126,500 AADT). The property serves as a true regional draw, benefiting from excellent visibility, multiple pylon signs, and immediate access to major thoroughfares.
Recently strengthened with new long-term NNN leases to national credit tenants, including Konn's (likely a typo/variant for a key tenant in context), Ollie's Bargain Outlet, and Presidente Supermarket — all secured with 20-year NNN lease terms for exceptional stability and predictable cash flow.
Development Opportunities:
Oversized parking fields offer substantial potential for additional development, including residential housing or further retail expansion.
The surrounding demographics feature a large senior population, creating ideal conditions for high-rent medical uses such as dialysis centers (which command premium $/SF lease rates in similar markets).
The property now features an assumable $40 million CMBS loan, providing favorable financing options for qualified buyers.
This is a turn-key, institutional-grade retail investment with strong national anchors, exceptional location, immediate income, and clear paths to value-add growth. Ideal for investors seeking stable cash flow with redevelopment upside in one of South Florida's most dynamic submarkets.
Contact for updated rent roll, and detailed financials (available to qualified parties). Do not disturb tenants.