Shopping Strip

Hypoluxo Plaza

4595 Hypoluxo Rd, Lake Worth, FL 33463

Listing Price: $3,250,000

Cap Rate
6.50%
Gross SF
15,252
Rentable SF
15,252
Price/Gross SF
$213.09
Lot Size
1.96 acres
Year Built
2005

Investment Overview

Marcus and Millichap is pleased to present Hypoluxo Plaza, a 15,252 square foot retail shopping center that is shadow-anchored by a Walmart Supercenter! Situated on the NW corner of Hypoluxo Road and Military Trail, Hypoluxo Plaza is 100 percent occupied primarily to service oriented tenants such as Cricket Wireless, Accounting and Tax Services, Barber Shop, Nail Salon,… that benefit from traffic counts that exceed 77,000 vehicles per day in addition to the huge amount of traffic generated by the Walmart Supercenter in which they share a parking lot. There is significant immediate upside as 7/9 tenants are on month to month triple net leases and the remaining two tenants have short term leases- ALL of which are at well below current market rents. The majority of the tenancy exceeds seven years and that have expressed interest in signing long term leases. The property is also impeccably maintained! Hypoluxo Plaza offers and investor the opportunity to acquire a rare Walmart Supercenter shadow anchored property in the heart of Palm Beach County with tremendous immediate upside with the existing short-term leases at below market rents.

Investment Highlights

  • Rare Palm Beach County Walmart Shadow Anchored Retail Center
  • 77,000 + Vehicle Per Day Traffic Counts
  • Short Term Triple Net Leases
  • Below Market Rents
  • Significant Immediate Upside
  • Impeccable condition
  • 2005 Construction

Exclusively Listed By

Listing Price: $3,250,000

Cap Rate
6.50%
Gross SF
15,252
Rentable SF
15,252
Price/Gross SF
$213.09
Lot Size
1.96 acres
Year Built
2005

Investment Highlights

  • Rare Palm Beach County Walmart Shadow Anchored Retail Center
  • 77,000 + Vehicle Per Day Traffic Counts
  • Short Term Triple Net Leases
  • Below Market Rents
  • Significant Immediate Upside
  • Impeccable condition
  • 2005 Construction

Investment Overview

Marcus and Millichap is pleased to present Hypoluxo Plaza, a 15,252 square foot retail shopping center that is shadow-anchored by a Walmart Supercenter! Situated on the NW corner of Hypoluxo Road and Military Trail, Hypoluxo Plaza is 100 percent occupied primarily to service oriented tenants such as Cricket Wireless, Accounting and Tax Services, Barber Shop, Nail Salon,… that benefit from traffic counts that exceed 77,000 vehicles per day in addition to the huge amount of traffic generated by the Walmart Supercenter in which they share a parking lot. There is significant immediate upside as 7/9 tenants are on month to month triple net leases and the remaining two tenants have short term leases- ALL of which are at well below current market rents. The majority of the tenancy exceeds seven years and that have expressed interest in signing long term leases. The property is also impeccably maintained! Hypoluxo Plaza offers and investor the opportunity to acquire a rare Walmart Supercenter shadow anchored property in the heart of Palm Beach County with tremendous immediate upside with the existing short-term leases at below market rents.

Exclusively Listed By

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