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500 Okeechobee Blvd
West Palm Beach, FL 33401
550 OKEECHOBEE BLVD, UNITS CU-1A & CU-2A · Retail Property For Sale
Investment Highlights
- 100% absolute net leased to two, exciting new tenants to West Palm Beach
- New, ten-year lease commences March 2025
- Offering includes 24 parking spaces total, ten of which you could rent to residents in the building for approximately $250/month
- Both tenants are in the process of investing a significant amount of their own capital building their suites out to a world class finish
- 3% annual increases and one, five year renewal option for both tenants
- True Absolute Net Lease – tenants are responsible for maintenance and replacements of all systems; no roof liability since it’s in a condominium build
Executive Summary
Related Companies will shortly be constructing another 400 room Hilton hotel. With fresh, new ten-year absolute net leases and 3% annual increases, 550 Okeechobee Boulevard presents an amazing opportunity to enjoy strong, secure long-term cash flows with minimal day-to-day responsibility in an exciting and dynamic corner of one of the country’s most exciting markets, downtown West Palm Beach.
Property Facts
| Property Type | Retail | No. Stories | 1 |
| Property Subtype | Storefront | Year Built | 2025 |
| Lot Size | 2.65 AC | Clear Ceiling Height | 25’ |
| Gross Leasable Area | 6,400 SF | APN / Parcel ID | 74-43-43-28-34-000-1218 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Lot Size | 2.65 AC |
| Gross Leasable Area | 6,400 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Clear Ceiling Height | 25’ |
| APN / Parcel ID | 74-43-43-28-34-000-1218 |
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