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8752 Atlantic Ave
Delray Beach, FL 33446 Outer Delray Beach

$7,709,000 USD

General Retail For Sale  •  10,200 SF

Property Details

  • Property Type General Retail
  • Total Building Size 10,200 SF
  • Lot Size 7.06 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.75 %
  • Tenancy Multiple
0 Transit Score
11 Walk Score

Highlights

Plaza Delray is anchored by Joseph's Classic Market, a gourmet market and grocery store which caters to affluent communities in South FL
Leases allow for reimbursement of all operating expenses including professional management, administration fees and an over-head fee
$218,000 AHHI and $980,000 average home value in 1 mile
Excellent visibility to 35,500 VPD along Atlantic Ave. with full access from signalized intersection
Fee simple ownership allows for depreciation boosting after tax returns
Fixed rental increases (3% annual & 10% every 5 years) provides hedge against inflation
Cap Rate: 5.75 %

Public Transportation

Commuter RailDriveWalkDistance
Delray Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 6.5 mi
AirportDriveWalkDistance
Palm Beach International 29 min - 21.5 mi
Fort Lauderdale/Hollywood International 45 min - 32.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 58
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners