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4530 Donald Ross Rd
Palm Beach Gardens, FL 33418 Outer Palm Beach Gardens/Jupiter

$5,320,000 USD

General Retail For Sale  •  4,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 4,000 SF
  • Lot Size 0.23 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 5.00 %
  • Tenancy Multiple
  • Zoning MXD
20 Transit Score
50 Walk Score

Highlights

Rare opportunity to acquire a multi-tenant retail asset along Donald Ross Rd. (66,000 VPD at Intersection) where barriers to entry are extremely high
Donald Ross Village owner handles common area maintenance making this a uniquely passive investment more comparable to single-tenant offering
Leases allow for reimbursement of all operating expenses including professional management and administration fees
$213,000 AHHI and $1,200,00 average home value in 3 miles
Dunkin sales are well above average and end cap drive-thru improves residual value and demands higher rental rates
Weighted average annual rental growth of 3.55% provides excellent hedge against inflation

Property Flyers

Cap Rate: 5.00 %

Public Transportation

AirportDriveWalkDistance
Palm Beach International 27 min - 17.2 mi
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners