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

515 SOUTH DIXIE HWY, West Palm Beach

$4,250,000 USD
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Address515 SOUTH DIXIE HWY, West Palm Beach
Type of PropertyIndustrial
Type of BusinessAutomotive
Price$4,250,000
Property StatusActive
MLS NumberA11909648
Property Size11731
Lot Size11731
Year Built1965
Parking Space Number8
Folio Number74434321080550011
Zoning InformationQGD-10 (
Days on Market145

Detailed 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 sq.ft building on an 11,731 sq.ft 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.

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Address Information
StateFlorida
CityWest Palm Beach
CountyPalm Beach County
Zip Code33401
Address515 SOUTH DIXIE HWY
Section21
Zip Code (4 Digits)5809
Financial Information
Price$4,250,000
Price per Foot$0
Folio Number74434321080550011
Tax Amount$53,835
Full Descriptions
Detailed DescriptionThis 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 sq.ft building on an 11,731 sq.ft 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.
Property parameters
Living Area11731
Lot Size11731
Total Acreage0.000
Zoning InformationQGD-10 (
Maximum Leasable Size11731
Year Built1965
Type of PropertyIndustrial
Type of BusinessAutomotive
Stories Number1
Street DirectionSouth
Parking Space Number8
Listed withAPEX Capital Realty LLC