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Island Plaza 2900-3002 Broadway 80,189 SF 84% Leased Retail Building Riviera Beach, FL 33404 $14,200,000 ($177.08/SF) 7.01% Cap Rate

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Investment Highlights

  • Heavy traffic counts in up and coming area. Federal Hwy 25,376, Broadway 23,000, and W. Blue Heron Blvd 18,300
  • Within 10 miles of Palm Beach International Airport.
  • 29,259 households within 3 miles with an average income of $52,598

Executive Summary

This prime location directly on Broadway. Existing 75,000 square foot shopping center with national tenants. Property sits on over 5.5 acres of land. A new 20 story residential developments going up along Broadway.
Income producing property with a value add opportunity.

Attachments

Island Plaza

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
80,189 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
$14,200,000
Price Per SF
$177.08
Cap Rate
7.01%
NOI
$994,745
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
5.54 AC
Zoning
CG, Riviera Beach - General Commercial, Riviera Beach
Parking
248 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
436’ on Broadway

Amenities

  • Tenant Controlled HVAC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Dollar Tree
  • Retailer
  • 10,000 SF
  • -
  • Triple Net
  • -
  • Retailer
  • -
  • -
  • -
  • -

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Rental and Leasing Services
  • -
  • -
  • -
  • -

Rent-A-Center is a national rent-to-own retail chain offering furniture, home appliances, consumer electronics, and computers through flexible rental-purchase agreements. Founded in 1973 and incorporated in 1986, the company operates thousands of locations across the United States, Puerto Rico, and Mexico. Rent-A-Center serves consumers seeking access to durable household goods without traditional credit requirements, offering short-term rental flexibility with ownership options. Stores are typically located in neighborhood retail centers and along major arterial corridors, serving value-oriented and workforce-housing markets. The company is a subsidiary of Upbound Group, Inc., a publicly traded organization listed on NASDAQ. Rent-A-Center’s operating model combines in-store retail sales, logistics and delivery operations, and local service teams. In metropolitan areas such as Atlanta, the brand maintains numerous store locations to support dense, neighborhood-based customer demand.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Dollar Tree Retailer 10,000 SF - Triple Net -
Retailer - - - -
Rental and Leasing Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,000-8,000 SF
  • Retail
  • In-Line
  • Now
  • 1st Floor
  • 5,000 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
1st Floor 4,000-8,000 SF Retail In-Line Now
1st Floor 5,000 SF Retail End Cap Now

1st Floor

Size
4,000-8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
5,000 SF
Space Use
Retail
Position
End Cap
Available
Now
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Publix
Truist
Comerica

Property Taxes

Property Taxes

Parcel Number
56-43-42-28-19-000-0170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,600,000
  • Listing ID: 30169251

  • Date on Market: 11/27/2023

  • Last Updated:

  • Address: 2900-3002 Broadway, Riviera Beach, FL 33404

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