515 SOUTH DIXIE HWY, West Palm Beach
$4,250,000 USD
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| Address | 515 SOUTH DIXIE HWY, West Palm Beach |
| Type of Property | Industrial |
| Type of Business | Automotive |
| Price | $4,250,000 |
| Property Status | Active |
| MLS Number | A11909648 |
| Property Size | 11731 |
| Lot Size | 11731 |
| Year Built | 1965 |
| Parking Space Number | 8 |
| Folio Number | 74434321080550011 |
| Zoning Information | QGD-10 ( |
| Days on Market | 145 |
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
| State | Florida |
| City | West Palm Beach |
| County | Palm Beach County |
| Zip Code | 33401 |
| Address | 515 SOUTH DIXIE HWY |
| Section | 21 |
| Zip Code (4 Digits) | 5809 |
Financial Information
| Price | $4,250,000 |
| Price per Foot | $0 |
| Folio Number | 74434321080550011 |
| Tax Amount | $53,835 |
Full Descriptions
| 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. |
Property parameters
| Living Area | 11731 |
| Lot Size | 11731 |
| Total Acreage | 0.000 |
| Zoning Information | QGD-10 ( |
| Maximum Leasable Size | 11731 |
| Year Built | 1965 |
| Type of Property | Industrial |
| Type of Business | Automotive |
| Stories Number | 1 |
| Street Direction | South |
| Parking Space Number | 8 |
| Listed with | APEX Capital Realty LLC |