NNN Investment Advisors is pleased to present for sale this fully stabilized, 46,564 SF Neighborhood Shopping Center with a free standing, 2 story professional building out parcel. The center is anchored by one of the highest performing Dollar General’s in Palm Beach County that recently exercised its 5-year option and includes a healthy mix of local and national tenants. The Plaza features outstanding visibility with 726 feet of frontage along Military Trail with direct exposure to ±47,364 vehicles per day passing by and 3 ingress/egress points.
Directly across from the Subject is Keiser University’s Flagship Campus with over 20,000 students and 3,800 employees, currently undergoing development for a new football stadium. The Subject is located in a dense retail area surrounded by numerous national credit retailers such as Publix, Bealls, Lowe’s, O’Reilly Auto Parts, Advanced Auto, Burger King, Chase, Bank of America, Circle K, CVS and is just south of the newly built Professional Spring Training Ballpark of the Palm Beaches, a 160 Acre, 7,500 seat Baseball Stadium, home for the Houston Astros and Washington Nationals, which drives additional traffic to retailers in the area. Centrally located between I-95 and the Florida Turnpike, Dollar General Plaza has enjoyed historically high occupancy levels benefiting from from a 4% sub-market vacancy rate, one of the lowest retail vacancy rates in the nation.
The 1-, 3-, and 5-mile populations are 14,976, 96,567 and 245,175, respectively with an average home value of $213,598. The surrounding population is expected to increase by 7.22% by 2023 as new residents migrate to this attractive south Florida community.