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Miscellaneous

Edwin Watts Golf Superstore Trophy Location

3889 Northlake Blvd, Palm Beach Gardens, FL 33403

Listing Price: $6,580,880

Cap Rate
5.00%
Tenant Name
Edwin Watts Golf Shop
Gross SF
14,288
Guarantor
Corporate Guarantee
Rentable SF
14,288
Price/Gross SF
$460.59
Lease Type
Double Net
Rent Per Square Feet
$23.03

Investment Overview

Marcus & Millichap is pleased to present for sale this Edwin Watts Golf
Store located at 3889 Northlake Boulevard in Palm Beach Gardens,
Florida. Palm Beach Gardens is a principal city in the Miami Metropolitan
Area with over 6.1 Million people. This property is conveniently located
on busy Northlake Boulevard less than 300 feet away from the onramp
to I-95. Northlake Boulevard is a major east west corridor in Palm
Beach County with more than 53,000 Vehicles Per Day Traffic Counts
and is home to numerous national retailers including Home Depot,
McDonalds, Starbucks, Taco Bell, Arbys, Chick Fil A, Costco, and
Target to name a few.
Palm Beach Gardens is home to many world-class golf courses drawing
thousands of visitors each year. The PGA National Resort & Spa boasts
five championship golf courses and is renowned throughout the world
as Home to the PGA Honda Classic and legendary Bear Trap. Sandhill
Crane Golf Course, Abacoa Golf Club, trump National Golf Club, The
Golf Club of Jupiter, North Palm Beach Country Club and Village Gold
Club among others, draw thousands of visitors to the area each year.
Only minutes from the property is Barry University with 3,747 enrolled
students and Nova Southeastern university with 20,576 students and
170,000 Alumni.
The Edwin Watts Golf Shops have been serving customers throughout
the U.S. since opening in 1968. Edwin Watts offers custom club fitting
and is the authorized dealer for all major golf brands including Titleist,
Ping, Adidas, Under Armour, and many others. Edwin Watts operates
more than 70 stores in mostly 10 southeastern states.

Investment Highlights

  • Trophy Location: Signalized Intersection less than 300 fee away from the Northlake
  • Excellent Access and Visibility: 53,500 VPD On Northlake Blvd
  • Strong Intrinsic Value: 14,288 Square Foot Building on 1.49 Acres of Land
  • Very Low Rent ($23/SF) At Least 35% Below Market
  • Tenant has One Remaining Option Period at Fair Market Rent: Significant Upside
  • Surrounded by numerous national retailers

Exclusively Listed By

Financing By

Miscellaneous

Edwin Watts Golf Superstore Trophy Location

Listing Price: $6,580,880

Cap Rate
5.00%
Tenant Name
Edwin Watts Golf Shop
Gross SF
14,288
Guarantor
Corporate Guarantee
Rentable SF
14,288
Price/Gross SF
$460.59
Lease Type
Double Net
Rent Per Square Feet
$23.03

Investment Highlights

  • Trophy Location: Signalized Intersection less than 300 fee away from the Northlake
  • Excellent Access and Visibility: 53,500 VPD On Northlake Blvd
  • Strong Intrinsic Value: 14,288 Square Foot Building on 1.49 Acres of Land
  • Very Low Rent ($23/SF) At Least 35% Below Market
  • Tenant has One Remaining Option Period at Fair Market Rent: Significant Upside
  • Surrounded by numerous national retailers

Investment Overview

Marcus & Millichap is pleased to present for sale this Edwin Watts Golf
Store located at 3889 Northlake Boulevard in Palm Beach Gardens,
Florida. Palm Beach Gardens is a principal city in the Miami Metropolitan
Area with over 6.1 Million people. This property is conveniently located
on busy Northlake Boulevard less than 300 feet away from the onramp
to I-95. Northlake Boulevard is a major east west corridor in Palm
Beach County with more than 53,000 Vehicles Per Day Traffic Counts
and is home to numerous national retailers including Home Depot,
McDonalds, Starbucks, Taco Bell, Arbys, Chick Fil A, Costco, and
Target to name a few.
Palm Beach Gardens is home to many world-class golf courses drawing
thousands of visitors each year. The PGA National Resort & Spa boasts
five championship golf courses and is renowned throughout the world
as Home to the PGA Honda Classic and legendary Bear Trap. Sandhill
Crane Golf Course, Abacoa Golf Club, trump National Golf Club, The
Golf Club of Jupiter, North Palm Beach Country Club and Village Gold
Club among others, draw thousands of visitors to the area each year.
Only minutes from the property is Barry University with 3,747 enrolled
students and Nova Southeastern university with 20,576 students and
170,000 Alumni.
The Edwin Watts Golf Shops have been serving customers throughout
the U.S. since opening in 1968. Edwin Watts offers custom club fitting
and is the authorized dealer for all major golf brands including Titleist,
Ping, Adidas, Under Armour, and many others. Edwin Watts operates
more than 70 stores in mostly 10 southeastern states.

Exclusively Listed By

Financing By

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