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5601 Plaza 5601 Okeechobee Blvd 5,750 SF 100% Leased Retail Building West Palm Beach, FL 33417 $3,356,200 CAD ($583.69 CAD/SF) 5.76% Cap Rate
Investment Highlights
- ±68,000 VPD on Okeechobee Blvd with exceptional visibility and frontage.
- Below-market rents supporting tenant retention and long-term upside potential.
- Convenient access to Florida Turnpike, I-95, and Downtown West Palm Beach.
- Two tenants in place since 2011, demonstrating strong commitment to the location.
- Real estate taxes, insurance, and interior maintenance passed through to tenants.
- Florida has no state individual income tax, supporting investment growth.
Executive Summary
Investment highlights
• High-Traffic Location: Positioned along Okeechobee Boulevard with exposure to approximately 68,000 vehicles per day, providing exceptional visibility.
• Premier Retail Corridor: Located along one of West Palm Beach’s primary commercial corridors with convenient access to the Florida Turnpike, I-95, and Downtown West Palm Beach.
• Long-Term Tenancy: Two established tenants have occupied the property since 2011, demonstrating strong commitment to the location.
• Below-Market Rents: The property benefits from below-market rental rates, supporting tenant retention while providing potential long-term upside.
• Oversized 1.4-Acre Parcel: Situated on approximately 1.4 acres along Okeechobee Boulevard.
• Minimal Landlord Responsibilities: Real estate taxes, insurance, and interior maintenance are passed through to the tenants.
• Favorable Florida Tax Environment: Florida has no state individual income tax, supporting continued population, business, and investment growth.
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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Gold Coast Physical Therapy is a privately owned outpatient clinic located in Boca Raton, Florida. Their facilities offer a range of physical therapy services, including balance therapy, athletic training, postural correction, and sports medicine rehabilitation. Patients receive customized care plans guided by experienced physical therapists, with access to private treatment rooms, advanced rehabilitation equipment, and retail-grade home exercise tools. With a focus on patient-centered recovery, the clinic blends manual therapy techniques and state-of-the-art technology in a supportive, spa-like environment. Gold Coast Physical Therapy continues to serve the local community, helping individuals regain mobility, strength, and function through dedicated rehab services.
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- Retailer
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SalonCentric began in 2008 as a L'Oréal USA business built around professional salon distribution. The company supplies salon professional beauty products for hair stylists, barbers, makeup artists, and cosmetologists, with categories that include hair color, nail polish, education, and essential salon supplies. SalonCentric also supports licensed beauty professionals through education, services, and online shopping, and it operates one of the largest wholesale salon and beauty supply businesses in the United States. The company continues to add brand partnerships and expand access to professional beauty products through its distribution network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Health Care and Social Assistance | - | - | - | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-42-43-23-42-003-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,466,772 CAD |
Property Taxes
Presented by
5601 Plaza | 5601 Okeechobee Blvd
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