Share This Listing

Message

945 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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 is directly on Broadway and has over 75,000 square foot of retail national and regional tenants.
*Property sits on over 6 acres of land, with an opportunity to build a residential development in the future. New residential developments are going up along Broadway.
*There is in place Income coming in on this property with additional $240,000 of added income opportunity on the existing vacant spaces.
*Directly on Broadway with over 20k cars per day.

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
76,098 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
$14,500,000
Price Per SF
$190.54
Cap Rate
6.54%
NOI
$948,673
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
6.00 AC
Zoning
CG, Riviera Beach - General Commercial, Riviera Beach
Parking
248 Spaces (3.26 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 began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.

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

Rent-A-Center began in 1973 as a rent-to-own business focused on furniture and household goods, later building a broader retail model around flexible payment agreements. The company offers furniture, appliances, electronics, computers, tools, and related home essentials through online and store-based shopping, with services that include delivery, setup, and product service and repair in its payment agreements. Rent-A-Center maintains a wide presence across the United States and Mexico and remains centered on branded household goods for shoppers seeking alternatives to traditional credit-based buying.

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
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Publix
Truist
Fifth Third Bank
Nature's Way Cafe

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

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}