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Vacant-User

Walmart Shadow Anchored Retail Strip

9940 Belvedere Rd, Royal Palm Beach, FL 33411

Listing Price: $7,800,000

Cap Rate
5.03%
Gross SF
12,600
Rentable SF
12,600
Price/Gross SF
$619.05
Lot Size
1.48 acres
Year Built
2004

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to market for sale 9940 Belvedere Road in Royal Palm Beach, Florida. 9940 Belvedere Road is a 12,600 square foot multi-tenant retail property that is shadow anchored by Walmart. The property is located just east of the signalized intersection of State Road 7 and Belvedere Road. It benefits from 42,500 vehicles per day along State Road 7 and nearly 20,000 vehicles per day along Belvedere Road. The property was built in 2004 and is 100% occupied, of which 40% is occupied by national tenants. Many of the tenants have operated at the property for more than 10 years showing a commitment to the location.

Investment Highlights

  • Multi-tenant Retail Strip Shadow Anchored By Top 7% Walmart Nationwide
  • Synergistic Service Driven Tenant Mix - 50% Medical & 40% Food & Beverage
  • 60% of The Tenants Have Occupied Their Space for Over A Decade 40% of Center are Occupied By National Tenant
  • Average Household Income Within 1 Mile Radius of $128,542
  • Healthy Parking Ratio- 64 Spaces / 4.8 Per 1,000 SF
  • All Tenants Separately Metered for Electric And Water
  • State Road 7& Belvedere Road Boast Over 62,500 Vehicles Per Day
  • Multiple Points of Ingress/Egress

Exclusively Listed By

Financing By

Vacant-User

Walmart Shadow Anchored Retail Strip

Listing Price: $7,800,000

Cap Rate
5.03%
Gross SF
12,600
Rentable SF
12,600
Price/Gross SF
$619.05
Lot Size
1.48 acres
Year Built
2004

Investment Highlights

  • Multi-tenant Retail Strip Shadow Anchored By Top 7% Walmart Nationwide
  • Synergistic Service Driven Tenant Mix - 50% Medical & 40% Food & Beverage
  • 60% of The Tenants Have Occupied Their Space for Over A Decade 40% of Center are Occupied By National Tenant
  • Average Household Income Within 1 Mile Radius of $128,542
  • Healthy Parking Ratio- 64 Spaces / 4.8 Per 1,000 SF
  • All Tenants Separately Metered for Electric And Water
  • State Road 7& Belvedere Road Boast Over 62,500 Vehicles Per Day
  • Multiple Points of Ingress/Egress

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to market for sale 9940 Belvedere Road in Royal Palm Beach, Florida. 9940 Belvedere Road is a 12,600 square foot multi-tenant retail property that is shadow anchored by Walmart. The property is located just east of the signalized intersection of State Road 7 and Belvedere Road. It benefits from 42,500 vehicles per day along State Road 7 and nearly 20,000 vehicles per day along Belvedere Road. The property was built in 2004 and is 100% occupied, of which 40% is occupied by national tenants. Many of the tenants have operated at the property for more than 10 years showing a commitment to the location.

Exclusively Listed By

Financing By

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