Skip to main content

Department Store

Burlington Boca Raton

20851 S State Road 7, Boca Raton, FL 33428

Listing Price: $11,000,000

Cap Rate
6.12%
Tenant Name
Burlington
Years Remaining On Lease
4.2
Gross SF
42,602
Guarantor
Corporate Guarantee
Rentable SF
42,602
Price/Gross SF
$258.20
Lease Type
Double Net
Rent Per Square Feet
$16.25

Investment Overview

Marcus & Millichap is proud to present for sale Burlington located in Boca Raton, Florida. Densely populated submarket with over 97,000 residents within three mile radius. Excellent frontage, access, and visibility from US Hwy 441 with additional access to Glades Road. Combined traffic count of 85,000 VPD. Co-tenants PetSmart, EOS Fitness and IHOP attract additional traffic. Across the street from major shopping centers anchored by Home Depot, Publix, Dick’s, Sprouts Farmers Market, LA Fitness and More. Boca Raton is home to over 14,000 businesses, including major corporations Office Depot, ADT, Cancer Treatment Centers of America and more.

Investment Highlights

  • Premier South Florida Single Tenant Offering in Boca Raton
  • Burlington Corporate Guaranteed Lease; Publicly Traded (NYSE: BURL)
  • Attractive, Below-Market Interest Rate Seller Financing Provides 7% Cash on Cash Return
  • Low Base Rent of $16.25 Per Square Foot; Adjacent Eos Fitness Recently Leased at $25 Per Square Foot
  • Burlington: $8 Billion Market Cap; $230 Million Net Income with
  • Affluent, Boca Raton Location with $104K Average Household Income

Exclusively Listed By

Financing By

Department Store

Burlington Boca Raton

Listing Price: $11,000,000

Cap Rate
6.12%
Tenant Name
Burlington
Years Remaining On Lease
4.2
Gross SF
42,602
Guarantor
Corporate Guarantee
Rentable SF
42,602
Price/Gross SF
$258.20
Lease Type
Double Net
Rent Per Square Feet
$16.25

Investment Highlights

  • Premier South Florida Single Tenant Offering in Boca Raton
  • Burlington Corporate Guaranteed Lease; Publicly Traded (NYSE: BURL)
  • Attractive, Below-Market Interest Rate Seller Financing Provides 7% Cash on Cash Return
  • Low Base Rent of $16.25 Per Square Foot; Adjacent Eos Fitness Recently Leased at $25 Per Square Foot
  • Burlington: $8 Billion Market Cap; $230 Million Net Income with
  • Affluent, Boca Raton Location with $104K Average Household Income

Investment Overview

Marcus & Millichap is proud to present for sale Burlington located in Boca Raton, Florida. Densely populated submarket with over 97,000 residents within three mile radius. Excellent frontage, access, and visibility from US Hwy 441 with additional access to Glades Road. Combined traffic count of 85,000 VPD. Co-tenants PetSmart, EOS Fitness and IHOP attract additional traffic. Across the street from major shopping centers anchored by Home Depot, Publix, Dick’s, Sprouts Farmers Market, LA Fitness and More. Boca Raton is home to over 14,000 businesses, including major corporations Office Depot, ADT, Cancer Treatment Centers of America and more.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower