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Miscellaneous

The Vitamin Shoppe

880 N Federal Hwy, Boca Raton, FL 33432

Listing Price: $4,400,000

Cap Rate
5.00%
Tenant Name
The Vitamin Shoppe
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
3,220
Lease Type
Single Net
Rent Per Square Feet
$68.49

Investment Overview

Marcus and Millichap is pleased to the 880 North Federal Highway in the heart of downtown Boca Raton, Florida. Situated on .5675 acres, 880 North Federal Highway is a newer constructed 2013, single story 3,220 square foot building that is 100 percent occupied by The Vitamin Shoppe. The property is just north of Mizner Park, a successful retail, residential and entertainment complex, within walking distance of the new Brightline Train Station ( 2023) and in the immediate vicinity of major retailers such as Publix, Bank United, HSBC, Papa Johns, Starbucks, Yard House, Boca Town Center, Florida Atlantic University, Lynn University, … and much more. The Vitamin Shoppe executed 12-year triple net lease in 2013 with four five-year options, each with 10 percent annual rent increases. The Vitamin Shoppe is a nationally recognized retailer with over 730 stores across the country and is owned and operated by “The Franchise Group Inc.”, a retail conglomerate with over 4,600 locations across North American with brands that also include Pet Supplies Plus, American Freight Furniture Stores, Buddy’s Home Furnishings and Liberty Tax Services. The Franchise Group is a publicly traded company (NASDAQ: FRG) with a market cap in excess $1.4 Billion Dollars. The Vitamin Shoppe offers an investor the opportunity to acquire a pristine building with a triple net lease from a nationally recognized retailer in a high barrier of entry market that requires no management responsibility whatsoever.

Investment Highlights

  • Downtown Boca Raton Trophy Location
  • High Barrier of Entry Market
  • Prime Federal Highway Location
  • Triple Net Lease
  • 10 Percent Rent Increases every Five Years
  • 2013 Construction

Exclusively Listed By

Listing Price: $4,400,000

Cap Rate
5.00%
Tenant Name
The Vitamin Shoppe
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
3,220
Lease Type
Single Net
Rent Per Square Feet
$68.49

Investment Highlights

  • Downtown Boca Raton Trophy Location
  • High Barrier of Entry Market
  • Prime Federal Highway Location
  • Triple Net Lease
  • 10 Percent Rent Increases every Five Years
  • 2013 Construction

Investment Overview

Marcus and Millichap is pleased to the 880 North Federal Highway in the heart of downtown Boca Raton, Florida. Situated on .5675 acres, 880 North Federal Highway is a newer constructed 2013, single story 3,220 square foot building that is 100 percent occupied by The Vitamin Shoppe. The property is just north of Mizner Park, a successful retail, residential and entertainment complex, within walking distance of the new Brightline Train Station ( 2023) and in the immediate vicinity of major retailers such as Publix, Bank United, HSBC, Papa Johns, Starbucks, Yard House, Boca Town Center, Florida Atlantic University, Lynn University, … and much more. The Vitamin Shoppe executed 12-year triple net lease in 2013 with four five-year options, each with 10 percent annual rent increases. The Vitamin Shoppe is a nationally recognized retailer with over 730 stores across the country and is owned and operated by “The Franchise Group Inc.”, a retail conglomerate with over 4,600 locations across North American with brands that also include Pet Supplies Plus, American Freight Furniture Stores, Buddy’s Home Furnishings and Liberty Tax Services. The Franchise Group is a publicly traded company (NASDAQ: FRG) with a market cap in excess $1.4 Billion Dollars. The Vitamin Shoppe offers an investor the opportunity to acquire a pristine building with a triple net lease from a nationally recognized retailer in a high barrier of entry market that requires no management responsibility whatsoever.

Exclusively Listed By

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