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Gun Club Shopping Plaza 4645 Gun Club Rd 102,900 SF 100% Leased Retail Building West Palm Beach, FL 33415 $15,000,000 ($145.77/SF) 6.57% Cap Rate
Investment Highlights
- Value-Add: most tenant rent is well below market. 25% of them expire without renewal options.
- Tenant Mix: 49% Retail, 40% Services, 11% Fast food
- Anchored by Presidente Supermarket and Dollar General
Executive Summary
- Fully leased 102,900 SF grocery anchored center strategically positioned along the signalized intersection of Gun Club Road and South Military Trail in West Palm Beach, Florida.
- Situated on 11.63 acres in a dense infill trade area, the property benefits from excellent visibility, multiple points of ingress/egress, and proximity to established residential neighborhoods and workforce-driven demand.
- The center is anchored by Presidente Supermarket and Dollar General, providing consistent daily traffic and necessity-based consumer draw.
- Mark to market rents present a rare value-add potential and durable income stream.
- Located within one of Palm Beach County’s most established retail corridors, the asset benefits from strong demographics, limited competing supply, and high barriers to entry driven by elevated land values and construction costs. This offering presents investors with a stabilized cash-flowing asset complemented by measurable near-term rental growth potential.
- Situated on 11.63 acres in a dense infill trade area, the property benefits from excellent visibility, multiple points of ingress/egress, and proximity to established residential neighborhoods and workforce-driven demand.
- The center is anchored by Presidente Supermarket and Dollar General, providing consistent daily traffic and necessity-based consumer draw.
- Mark to market rents present a rare value-add potential and durable income stream.
- Located within one of Palm Beach County’s most established retail corridors, the asset benefits from strong demographics, limited competing supply, and high barriers to entry driven by elevated land values and construction costs. This offering presents investors with a stabilized cash-flowing asset complemented by measurable near-term rental growth potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
102,900 SF
Building Class
C
Year Built
1979
Price
$15,000,000
Price Per SF
$145.77
Cap Rate
6.57%
NOI
$985,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.20
Lot Size
11.63 AC
Zoning
CG - Commercial General
Parking
450 Spaces (4.37 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-42-44-01-28-000-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,680,000 |
Property Taxes
Parcel Number
00-42-44-01-28-000-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,680,000
Contacts
-
Sean Glickman -
Chris Smith -
Laura Quintero -
Cushman & Wakefield of Florida, Inc.
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Gun Club Shopping Plaza | 4645 Gun Club Rd
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