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Shopping Strip

2549 Forest Hill Blvd

2549 Forest Hill Blvd, West Palm Beach, FL 33406

Listing Price: $1,325,000

Cap Rate
7.79%
Gross SF
4,240
Rentable SF
4,240
Price/Gross SF
$312.50
Lot Size
1.25 acres
Year Built
1961

Investment Overview

Marcus and Millichap is pleased to present WaterPlace Shoppes, a three tenant, 4,240 square foot retail center located on heavily trafficked Forest Hill Boulevard, just west of Florida Mango Road in West Palm Beach, Florida. The property sits on 1.25 prime acres and is 100% leased to COVID resistant businesses and long term tenants, a liquor Store, laundromat and accounting and tax services. Forest Hill Boulevard is a heavily trafficked retail corridor with well known national tenants such as Walgreen’s, 7-11, McDonalds, Wells Fargo, Wawa, Publix, Chase Bank, Popeye’s, and many more. Additionally, Forest Hill Boulevard is surrounded in all directions by an extremely dense residential market. WaterPlace offers an investor the opportunity to acquire an easy to manage, very well maintained, fully leased retail asset in the heart of Palm Beach County in a very densely populated area.

Investment Highlights

  • Easy Access to Interstate 95
  • Densely Populated and High Traffic Location
  • Prime 1.25 Acres Located in Palm Beach County
  • Three-Five Percent Annual Rent Increases
  • Easy to Manage
  • Fully Leased

Exclusively Listed By

Listing Price: $1,325,000

Cap Rate
7.79%
Gross SF
4,240
Rentable SF
4,240
Price/Gross SF
$312.50
Lot Size
1.25 acres
Year Built
1961

Investment Highlights

  • Easy Access to Interstate 95
  • Densely Populated and High Traffic Location
  • Prime 1.25 Acres Located in Palm Beach County
  • Three-Five Percent Annual Rent Increases
  • Easy to Manage
  • Fully Leased

Investment Overview

Marcus and Millichap is pleased to present WaterPlace Shoppes, a three tenant, 4,240 square foot retail center located on heavily trafficked Forest Hill Boulevard, just west of Florida Mango Road in West Palm Beach, Florida. The property sits on 1.25 prime acres and is 100% leased to COVID resistant businesses and long term tenants, a liquor Store, laundromat and accounting and tax services. Forest Hill Boulevard is a heavily trafficked retail corridor with well known national tenants such as Walgreen’s, 7-11, McDonalds, Wells Fargo, Wawa, Publix, Chase Bank, Popeye’s, and many more. Additionally, Forest Hill Boulevard is surrounded in all directions by an extremely dense residential market. WaterPlace offers an investor the opportunity to acquire an easy to manage, very well maintained, fully leased retail asset in the heart of Palm Beach County in a very densely populated area.

Exclusively Listed By

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