5544 Okeechobee Blvd
West Palm Beach, FL 33417
Tesla Center · Retail Property For Sale

The subject property is ideally located with excellent access and visibility along Okeechobee Boulevard (56,166 AADT) near its junction with Florida’s Turnpike (56,000 AADT) and approximately 3 miles from its junction with I-95 (198,500 AADT). Both Florida’s Turnpike and I-95 provide access to the greater Miami metropolitan area. The site benefits from robust, affluent demographics with a population of 1,001,330 and average household incomes exceeding $81,820 within a fifteen mile radius of the site. Population within the overall trade area for this Tesla location exceeds 2,250,000. The property is ideally situated in a dense infill location with high barriers to entry adjacent to many of Florida’s most affluent communities. The property is situated in a built-out, infill location with minimal land available for additional development in the surrounding area; the region is bordered by agricultural land and wildlife preservation areas. Six of the ten highest-income communities in Florida are situated within the property’s trade area, and average household income within the overall trade area exceeds $85,000 annually. The site benefits from access to major neighboring markets, including Boca Raton, Port St. Lucie, Ft. Lauderdale, and Miami. In addition, the property benefits from proximity to other major and luxury car dealerships within West Palm Beach’s “auto row,” including Arrigo Alfa Romeo Palm Beach, Lexus of Palm Beach, Mercedes-Benz of Palm Beach, Ferrari of Palm Beach, Braman BMW, Braman Mini, Porsche, Audi West Palm Beach, Land Rover Palm Beach, Marino Performance Motors, Infiniti of the Palm Beaches, Schumacher Buick GMC, Schumacher Subaru, and Schumacher Volvo. The property is ideally situated to serve many of the most affluent communities in Florida. This property is listed in conjunction with Florida-licensed real estate broker Robert Long.