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Lemon Tree Vet Hospital & Plaza 1000-1042 S Military Trl, West Palm Beach 24 949 pi² 97% Loué Commerce de détail Immeuble West Palm Beach, FL 33415 À vendre
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Résumé de l'annonce
A necessity-based medical and retail complex anchored by its namesake veterinary hospital and complemented by a freestanding drive-through bank on its own outparcel and an automotive center. The property commands a hard, signalized corner exposed to 70,207 vehicles per day in West Palm Beach, an established infill submarket of the West Palm Beach–Boca Raton–Delray Beach MSA.
Lemon Tree —Vet Hospital & Plaza is a 24,949 square foot, 97.3% occupied neighborhood shopping center in unincorporated West Palm Beach, an established infill suburb of the West Palm Beach–Boca Raton–Delray Beach MSA. Built in 1963 and rebuilt in part in 2025, the Property occupies the signalized hard corner of South Military Trail and Summit Boulevard, where 70,207 vehicles pass each day —47,000 on Military Trail and 23,207 on Summit.
A signalized hard corner carrying 70,207 vehicles a day, with 325 feet of frontage on South Military Trail, pylon signage and a drive-through pad.
· Fifteen of nineteen leases escalate at CPI with a 6% annual floor against 3% expense inflation. That 300 basis point spread on three quarters of the roll is what carries net operating income, not the mark to market.
· Three freestanding buildings can be sold apart from the retail center —an animal hospital, a drive-through outparcel and an automotive center, each of which should price tighter than inline retail.
· A quarter of the center reprices on day one. Eight tenancies, 6,470 SF, 25.9% of area, hold no live renewal option.
· Publix co-tenancy at no cost: a 130,766 SF Publix-anchored center sits 0.11 miles away at roughly 97% occupancy.
· New roofs on 1020 and the 1000–1032 building, and a newly built rear veterinary building. No capital expenditure is carried in this underwriting.
· Small-shop space in this submarket is effectively full: strip-center vacancy reads 3.2% against a 3.0% metro, on 8,925 SF of twelve-month deliveries.
· Triple net on full pro-rata recovery of CAM, taxes and insurance from every tenant.
LISTED UN-PRICED
Lemon Tree —Vet Hospital & Plaza is a 24,949 square foot, 97.3% occupied neighborhood shopping center in unincorporated West Palm Beach, an established infill suburb of the West Palm Beach–Boca Raton–Delray Beach MSA. Built in 1963 and rebuilt in part in 2025, the Property occupies the signalized hard corner of South Military Trail and Summit Boulevard, where 70,207 vehicles pass each day —47,000 on Military Trail and 23,207 on Summit.
A signalized hard corner carrying 70,207 vehicles a day, with 325 feet of frontage on South Military Trail, pylon signage and a drive-through pad.
· Fifteen of nineteen leases escalate at CPI with a 6% annual floor against 3% expense inflation. That 300 basis point spread on three quarters of the roll is what carries net operating income, not the mark to market.
· Three freestanding buildings can be sold apart from the retail center —an animal hospital, a drive-through outparcel and an automotive center, each of which should price tighter than inline retail.
· A quarter of the center reprices on day one. Eight tenancies, 6,470 SF, 25.9% of area, hold no live renewal option.
· Publix co-tenancy at no cost: a 130,766 SF Publix-anchored center sits 0.11 miles away at roughly 97% occupancy.
· New roofs on 1020 and the 1000–1032 building, and a newly built rear veterinary building. No capital expenditure is carried in this underwriting.
· Small-shop space in this submarket is effectively full: strip-center vacancy reads 3.2% against a 3.0% metro, on 8,925 SF of twelve-month deliveries.
· Triple net on full pro-rata recovery of CAM, taxes and insurance from every tenant.
LISTED UN-PRICED
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Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
24 949 pi²
Classe d’immeuble
C
Année de construction/rénovation
1960/2025
Pourcentage loué
97%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,31
Taille du lot
1,86 AC
Zonage
MUPD, County - MUPD
Stationnement
70 places (2,81 places par 1 000 pi² loué)
Façade
240’ sur S Military Trl
Commodités
- Enseigne sur pylône
- Affichage
- Intersection avec signalisation
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
70/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 00-42-44-12-36-000-0180 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 5 892 619 $ CAD |
Impôts fonciers
Numéro de lot
00-42-44-12-36-000-0180
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
5 892 619 $ CAD
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Lemon Tree Vet Hospital & Plaza | 1000-1042 S Military Trl, West Palm Beach
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