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Shopping Neighborhood

Cross County Plaza

1930 N Military Trl, West Palm Beach, FL 33409

Listing Price: $11,950,000

Cap Rate
7.00%
Gross SF
49,451
Rentable SF
49,451
Price/Gross SF
$241.65
Lot Size
2.60 acres
Year Built
1973

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Cross County Plaza (the “Property”), a +/- 50,000-square-foot, community retail center on Military Trail in West Palm Beach, Florida. The Property is anchored by dd’s Discounts and K&G Fashion Superstore, which occupy nearly two-thirds of the rentable square footage, and is currently 100-percent occupied by a diverse
mix of national, regional and local tenants including Foot Locker and Dunkin Donuts. The plaza has a total of seven tenants, all on triple-net leases.

Cross County Plaza is located on the signalized southeast corner of Okeechobee Boulevard and Military Trail, with excellent frontage and visibility. The intersection has one of the highest combined daily traffic counts in Palm Beach County at over 105,000 vehicles daily. The Property is an outparcel to the larger Cross County Plaza shopping mall, which includes Presidente Supermarket, Ross Dress for Less, Youfit Health Clubs and Ollie’s Bargain Outlet, providing significant foot traffic to the site.

Approximately 111,000 people live within a 3-mile radius of the Property, with an average household income of nearly $66,000. The West Palm Beach area has consistently been a strong retail submarket, with vacancy rates currently less than five percent. The Property is conveniently located between the Florida Turnpike and Interstate 95 at one of the most visible and busiest corners in all of Palm Beach County

Investment Highlights

  • TENANT STABILITY Currently 100-percent occupied by a diverse mix of tenants on Triple Net Leases, offering an investor an immediate stable cash flow in a submarket with limited vacancy
  • FIRST TIME TO THE MARKET IN THREE DECADES Property is being sold for the first time since the early 1990's
  • AFFLUENT CUSTOMER DEMOGRAPHIC BASE Strong demographics with a population of 111,000 within a 3-mile radius, and 852,000 within a 20-minute drive
  • MAJOR LOCAL AND NATIONAL TENANTS Foot Locker, dd's Discounts, K&G Fashion Superstore and Dunkin Donuts. Shadow-anchored shopping mall includes Presidente Supermarket, Ross Dress for Less, Youfit Health Clubs, Ollie's Bargain Outlet, Chili's, Citi Trends, Amscot and IHOP

Exclusively Listed By

Shopping Neighborhood

Cross County Plaza

Listing Price: $11,950,000

Cap Rate
7.00%
Gross SF
49,451
Rentable SF
49,451
Price/Gross SF
$241.65
Lot Size
2.60 acres
Year Built
1973

Investment Highlights

  • TENANT STABILITY Currently 100-percent occupied by a diverse mix of tenants on Triple Net Leases, offering an investor an immediate stable cash flow in a submarket with limited vacancy
  • FIRST TIME TO THE MARKET IN THREE DECADES Property is being sold for the first time since the early 1990's
  • AFFLUENT CUSTOMER DEMOGRAPHIC BASE Strong demographics with a population of 111,000 within a 3-mile radius, and 852,000 within a 20-minute drive
  • MAJOR LOCAL AND NATIONAL TENANTS Foot Locker, dd's Discounts, K&G Fashion Superstore and Dunkin Donuts. Shadow-anchored shopping mall includes Presidente Supermarket, Ross Dress for Less, Youfit Health Clubs, Ollie's Bargain Outlet, Chili's, Citi Trends, Amscot and IHOP

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Cross County Plaza (the “Property”), a +/- 50,000-square-foot, community retail center on Military Trail in West Palm Beach, Florida. The Property is anchored by dd’s Discounts and K&G Fashion Superstore, which occupy nearly two-thirds of the rentable square footage, and is currently 100-percent occupied by a diverse mix of national, regional and local tenants including Foot Locker and Dunkin Donuts. The plaza has a total of seven tenants, all on triple-net leases. Cross County Plaza is located on the signalized southeast corner of Okeechobee Boulevard and Military Trail, with excellent frontage and visibility. The intersection has one of the highest combined daily traffic counts in Palm Beach County at over 105,000 vehicles daily. The Property is an outparcel to the larger Cross County Plaza shopping mall, which includes Presidente Supermarket, Ross Dress for Less, Youfit Health Clubs and Ollie’s Bargain Outlet, providing significant foot traffic to the site. Approximately 111,000 people live within a 3-mile radius of the Property, with an average household income of nearly $66,000. The West Palm Beach area has consistently been a strong retail submarket, with vacancy rates currently less than five percent. The Property is conveniently located between the Florida Turnpike and Interstate 95 at one of the most visible and busiest corners in all of Palm Beach County

Exclusively Listed By

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