20851 State Road 7
Boca Raton, FL 33428
Burlington Coat Factory/Trophy Boca Raton Loc · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this net leased Burlington Coat Factory in Boca Raton, Florida. Burlington has approximately seven years remaining on the base term of the lease with four, 5 year options. Situated on a large 2.56 acre lot, this 42,602 square foot retail building is located on a major lighted intersection which sees over 95,700 cars daily. The local market is quite affluent with average household income exceeding $121,000 in a five mile radius. Retailers sharing the intersection include PetSmart, Publix, LA Fitness, Best Buy, Walgreens, Stein Mart, Bank of America, Chase Bank, McDonald's, Panera Bread, IHOP, Regal Shadowwood Movie Theaters and many others. This Burlington Coat Factory represents an easy to manage, single tenant asset. The tenant reimburses the landlord for real estate taxes, insurance, and all common area maintenance fees except roof and structure and management fees. This property and the two attached neighbors are managed by the same company, which handles all maintenance, repairs and contract items. Each property pays their pro rata share of the overall expenses, which Burlington covers. the management company charges a small fee, of which this property is responsible for 39.17%)pro rata share). This property's share of management fee for 2020 came to around $4,200 which is not reimbursed by the tenant. Because the management and maintenance burdens are already handled by an experienced, professional party, this property has virtually zero management.