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Island Plaza 2900-3002 Broadway 76,098 SF 87% Leased Retail Building Riviera Beach, FL 33404 $14,500,000 ($190.54/SF) 6.54% Cap Rate



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
*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
Amenities
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar Tree
- Retailer
- 10,000 SF
- -
- Triple Net
- -
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.
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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 56-43-42-28-19-000-0170 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,600,000 |
Property Taxes
Presented by
Island Plaza | 2900-3002 Broadway
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