23133 Sandalfoot Plaza Dr, Boca Raton, FL 33428
sale
$6,500,000
|
Retail
Courtesy Of Fortune International Realty
23133 Sandalfoot Plaza Drive is a fully stabilized retail asset in Boca Raton s established Sandalfoot corridor, offering immediate cash flow and long-term income security. The property features prime frontage along US 441 / State Road 7 with over 50,000 vehicles per day and is surrounded by dense residential neighborhoods that drive consistent consumer demand. The center is 100% occupied with a diversified mix of service-oriented tenants, including Jiffy Lube, Express Car Wash, restaurants, and a tint/audio operator, providing essential, repeat-use services that enhance stability and minimize vacancy risk. A strong anchor tenant reinforces the asset s resilience through market cycles and is currently paying above-market rent, while all leases include annual rent increases, ensuring steady income growth. Additionally, a revenue-generating billboard adds a secondary income stream, further enhancing returns. With solid tenant fundamentals and a prime infill location, this asset presents a low-risk, income-focused investment with upside potential.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Exterior Type: Block
- Legal Description: SANDALFOOT PLAZA IN PB48P186 LT 5
- MLSID: A11924031
- Parking Spaces: 26
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