Retail Space – High Traffic Location in Boca Raton, FL – Excellent Visibility and 100% Occupancy

Category: Retail

Price:$6,500,000

Location: Boca Raton, FL

Year Built: 1990

Days on Market: 25

Description:

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.

100% occupied Boca retail center on US 441 with 50K+ traffic, long-term tenants & billboard income delivering stable cash flow.

Listing Code: 1147333598