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11701 US Highway 1
Palm Beach Gardens, FL 33408
Gardens Square · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Located in the highly desirable Palm Beach Gardens Market
- 2.42 acres
EXECUTIVE SUMMARY
Offered for sale is a well-located, institutional-quality retail strip center in North Palm Beach, Florida, totaling 20,008 square feet on a 2.42-acre site. The property is 100% leased to a strong mix of nationally and regionally recognized tenants, including Waterfront Properties, City Mattress, and Third Federal, all operating under NNN lease structures, providing passive and predictable cash flow for ownership.
The center features direct frontage on US Highway 1, a major north–south corridor with average daily traffic counts exceeding 29,000 vehicles, delivering excellent visibility, access, and signage exposure. The surrounding trade area is supported by exceptional demographics, with over 55,000 residents within a three-mile radius and a median household income exceeding $90,000, reinforcing long-term tenant demand.
The property generates an NOI in excess of $780,000, offering an attractive return in a high-barrier-to-entry, affluent coastal market. With stabilized NNN leases, strong in-place income, and an irreplaceable location, this asset presents an outstanding opportunity for investors seeking durable cash flow and long-term appreciation in South Florida.
The center features direct frontage on US Highway 1, a major north–south corridor with average daily traffic counts exceeding 29,000 vehicles, delivering excellent visibility, access, and signage exposure. The surrounding trade area is supported by exceptional demographics, with over 55,000 residents within a three-mile radius and a median household income exceeding $90,000, reinforcing long-term tenant demand.
The property generates an NOI in excess of $780,000, offering an attractive return in a high-barrier-to-entry, affluent coastal market. With stabilized NNN leases, strong in-place income, and an irreplaceable location, this asset presents an outstanding opportunity for investors seeking durable cash flow and long-term appreciation in South Florida.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,008 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2000
Price
$12,495,000
Price Per SF
$624.50
Cap Rate
6.31%
NOI
$788,533
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.42 AC
Zoning
CG - General Commercial Palm Beach County
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
154’ on Us-1 Hwy
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 00-43-42-04-00-000-3300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,409,916 |
PROPERTY TAXES
Parcel Number
00-43-42-04-00-000-3300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,409,916
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