Vacant-User
Walmart Shadow Anchored Retail Strip
9940 Belvedere Rd, Royal Palm Beach, FL 33411
Listing Price: $7,800,000
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.
Walmart Shadow Anchored Retail Strip
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
Listing Price: $7,800,000
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
