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4530 Donald Ross Rd
Palm Beach Gardens, FL 33418
Retail Property For Sale
Investment Highlights
- Rare opportunity to acquire a multi-tenant retail asset along Donald Ross Rd. (66,000 VPD at Intersection) where barriers to entry are extremely high
- Leases allow for reimbursement of all operating expenses including professional management and administration fees
- Dunkin sales are well above average and end cap drive-thru improves residual value and demands higher rental rates
- Donald Ross Village owner handles common area maintenance making this a uniquely passive investment more comparable to single-tenant offering
- $213,000 AHHI and $1,200,00 average home value in 3 miles
- Weighted average annual rental growth of 3.55% provides excellent hedge against inflation
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Shops at Donald Ross Village in Palm Beach Gardens, FL. This two-tenant retail center features NNN leases with 3% and 4% annual rent escalations, 7.6 years of WALT and an end-cap drive-thru. Palm Beach Gardens is one of Florida's most affluent and soughtafter markets with a $213,000 AHHI and $1.2 million average home value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,000 SF
Building Class
B
Year Built
2017
Price
$7,368,892 CAD
Price Per SF
$1,842.22 CAD
Cap Rate
5%
NOI
$368,442 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.23 AC
Zoning
MXD - Mixed Use Development
Property Taxes
| Parcel Number | 52-42-41-25-14-003-0110 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,156,499 CAD |
Property Taxes
Parcel Number
52-42-41-25-14-003-0110
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,156,499 CAD
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