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Paz Plaza 3301 W Boynton Beach Blvd 14,400 SF 100% Leased Retail Building Boynton Beach, FL 33436 $5,600,000 ($388.89/SF) 6.41% Cap Rate
Investment Highlights
- 14,400 SF Retail Strip Located on Boynton Beach Boulevard Just West of I-95
- Newly Signed Anchor Tenants Include Vicky Bakery (20+ Locations), Corporate Amscot Financial (200+ Locations), and Purple Dragon Karate (2 Locations)
- Recent Capital Improvements Include New Stucco Facade, Awnings, Painting, Lighting, Landscaping, New Monument Sign and Tenant Signage
- Ideal Small Bay Configuration with Below Market Rents and Multiple New Long Term Leases
- Aggressive 3% to 4% Annual Base Rental Increases in Each Lease
- Located West of I-95 on Busy Boynton Beach Blvd., with Over 37,000 Average Daily Traffic Count and Multiple Ingress/Egress Points
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,400 SF
Building Class
B
Year Built
1990
Price
$5,600,000
Price Per SF
$388.89
Cap Rate
6.41%
NOI
$358,951
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.19 AC
Zoning
C3 - Community Commercial District
Parking
70 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
317’ on W Boynton Beach Blvd
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- AMSCOT
- Retailer
- 2,400 SF
- -
- -
- Kavasutra Kava Bar
- Accommodation and Food Services
- 1,200 SF
- -
- -
- Purple Dragon Karate
- Arts, Entertainment, and Recreation
- 1,200 SF
- -
- -
- Vicky Bakery
- Accommodation and Food Services
- 2,400 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| AMSCOT | Retailer | 2,400 SF | - | - | ||
| Kavasutra Kava Bar | Accommodation and Food Services | 1,200 SF | - | - | ||
| Purple Dragon Karate | Arts, Entertainment, and Recreation | 1,200 SF | - | - | ||
| Vicky Bakery | Accommodation and Food Services | 2,400 SF | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-43-45-30-01-007-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,612,980 |
Property Taxes
Parcel Number
08-43-45-30-01-007-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,612,980
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Paz Plaza | 3301 W Boynton Beach Blvd
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