1116 Hypoluxo Rd
Lake Worth, FL 33462
Retail Property For Sale

Marcus & Millichap is proud to exclusively market this Farm Stores Lantana NNN investment. This is a newly renovated single tenant corporate farm stores property located on Hypoluxo Road just blocks east of Busy I-95. The property has great visibility and access on a corner location just west of Dixie Highway (US-1). Farm Stores originally opened a store in this location in 1977 and the owner has recently re-signed a brand new 15 Year absolute NNN lease whereby the tenant is responsible for all maintenance of the property including the roof and structure. An investor can enjoy strong cash flow with no management responsibilities. Additionally, the corporate lease includes aggressive 3 percent annual base rental increases. Lantana is a growing Palm Beach County municipality with strong demographics and neighboring retailers such as Winn Dixie, Family Dollar, Tire Kingdom and many more. Currently there are 76,818 people living within three miles of the subject property. Hypoluxo road has an average daily traffic count of over 17,000 cars per day and benefits from a direct on/off ramp to I-95 which has average traffic counts of over 240,000 cars per day. The Farm Stores drive-thru concept is well-known to Floridians who have been shopping there for decades and is as popular as ever. Farm Stores, thanks to their simple operations and customer loyalty-base have been expanding statewide as well as nationally. Rarely do any NNN leased properties come available in South Florida at a price point below $800,000. This is a great investment opportunity for a buyer looking for no management responsibilities and long-term cash flow from a strong business model.