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Lemon Tree Plaza 4 Retail Properties in West Palm Beach, FL
INVESTMENT HIGHLIGHTS
- Prime Corner Location
- Additional Income Potential
- Value Add Opportunity
- Diverse Tenants
EXECUTIVE SUMMARY
Lemon Tree Plaza offers a diverse group of tenants including a well-known Animal Hospital and Veterinary Office along with numerous restaurants, an insurance agency, an auto repair facility and other tenants serving the surrounding communities. Additionally, many of the current tenants have been in occupancy for over ten years providing a stable tenancy and cash flow at this property.
Due to a high number of tenants currently occupying their premises at below market rental rates, this property offering provides great upside potential to increase the rent roll and cash flow at the property. Additionally, almost 50% of the tenants do not have any options to renew further creating an opportunity for new ownership to negotiate new lease agreements at higher rental rates and more favorable terms over the next 12-18 months and beyond.
Due to a high number of tenants currently occupying their premises at below market rental rates, this property offering provides great upside potential to increase the rent roll and cash flow at the property. Additionally, almost 50% of the tenants do not have any options to renew further creating an opportunity for new ownership to negotiate new lease agreements at higher rental rates and more favorable terms over the next 12-18 months and beyond.
PROPERTY FACTS
| Sale Type | Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 30,477 SF |
| Number of Properties | 4 | Total Land Area | 7.51 AC |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 30,477 SF |
| Total Land Area | 7.51 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Lemon Tree Plaza
1000 S Military Trl, West Palm Beach, FL 33415 |
Retail | 18,275 SF | 1960 | - |
|
Summitt Boulevard Animal Hospital
4444 Summit Blvd, West Palm Beach, FL 33406 |
Retail | 8,402 SF | 1963 | - |
|
Freeway Insurance
1020 S Military Trl, West Palm Beach, FL 33415 |
Retail | 2,200 SF | 1963 | - |
| 1048 S Military Trl, West Palm Beach, FL 33415 | Retail | 1,600 SF | 2025 | - |
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Lemon Tree Plaza
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