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$ 4,250,000
Est. payment | /mo
5,500 SqFt
$ 4,250,000
Est. payment | /mo
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $772
MLS Listing ID A11909648
HOA Y/N No
Year Built 1965
Annual Tax Amount $53,835
Lot Size 0.269 Acres
Property Sub-Type Industrial
Property Description
This corporate-backed, absolute NNN lease with Goodyear offers investors true hands-off, bond-style income from a globally recognized, investment-grade tenant. The 15-year lease, commencing in 2022, includes six 5-year renewal options with 10% rent increases every five years, providing predictable growth and long-term security. Located on the high-traffic US-1 corridor in Downtown West Palm Beach, the property benefits from excellent visibility, urban infill, and easy access to Okeechobee Blvd and I-95. With zero landlord responsibility, this 5,500 SF building on an 11,731 SF lot delivers stable cash flow and a 25-year horizon of built-in escalations, making it a rare opportunity for investors seeking reliable, long-term income.
Location
State FL
County Palm Beach
Area 5420
Exterior
Total Parking Spaces 8
Private Pool Yes
Building
Story 1
Level or Stories One
Others
Tax ID 74434321080550011
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11909648
Listed by APEX Capital Realty LLC
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