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The Shoppes at Southern Palms 8751-8795 Southern Blvd 108,888 SF 100% Leased Retail Building West Palm Beach, FL 33411 $52,217,706 CAD ($479.55 CAD/SF) 6.25% Cap Rate
Investment Highlights
- The Shoppes at Southern Palms is a 195,248-square-foot power shopping center located in a bustling West Palm Beach neighborhood.
- High-profile nearby attractions include the adjacent South Florida Fairgrounds and iTHINK Amphitheater, which draw over 1 million visitors annually.
- Benefits from 100% center occupancy, high returns, and a position in a rapidly appreciating area driven by tourism and residential growth.
- Strong tenant mix anchored by major national stores such as Kohl's, Dollar Tree, GNC, and South Florida's first Dick's Sporting Goods location.
- Prominently located along the heavily trafficked, highly visible Southern Boulevard, a main thoroughfare for Northern Palm Beach County.
- Over the past few years, the influx of high-net-worth individuals has continued to bolster Palm Beach resident spending.
Executive Summary
Fully leased, the Shoppes are anchored by national tenants such as Kohl's, Dollar Tree, and South Florida's first Dick's Sporting Goods. In addition to its well-known anchors, the property exudes beautiful upscale landscaping and excellent curb appeal. Investors will benefit from the property's strategic location, significant occupancy, high returns, and the area's ongoing appreciation driven by tourism and growing residential communities.
Moments off the Florida Turnpike on heavily traveled Southern Boulevard, the Shoppes at Southern Palms boasts prominent visibility with a combined traffic count exceeding 80,000 cars per day (VPD), drawing shoppers from a large trading area. Additionally, the property is adjacent to the South Florida Fairgrounds and iTHINK Financial Amphitheater, which attracts over 1 million visitors to this intersection and further enhances this vibrant locale.
Southern Boulevard is the primary east-west thoroughfare in Northern Palm Beach County, connecting the communities of Royal Palm Beach and Wellington and offering frictionless access for South Florida residents and visitors.
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Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Demographics
Demographics
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $35,414,081 CAD |
Property Taxes
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The Shoppes at Southern Palms | 8751-8795 Southern Blvd
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