9940 Belvedere RdRoyal Palm Beach, FL 33411

This exceptional 12,600 square foot retail strip center in Royal Palm Beach, Florida, presents a compelling investment opportunity. Shadow-anchored by a top 7% performing Walmart, this property boasts a diverse tenant mix, including 50% medical and 40% food and beverage establishments. The six-unit center, built in 2004, enjoys 100% occupancy with a strong corporate guarantee. The property features a healthy parking ratio of 64 spaces (4.8 per 1,000 sq ft), all tenants separately metered for utilities, and multiple points of ingress/egress. Located at 9940 Belvedere Rd, Royal Palm Beach, FL 33411, the center benefits from high visibility on State Road 7 and Belvedere Road, boasting over 62,500 vehicles per day. The average household income within a one-mile radius is $128,542. This stabilized, net-lease investment offers a 5.01% cap rate and a $390,731 NOI, with a list price of $7,800,000 ($619.05/sq ft). 60% of tenants have occupied their spaces for over a decade, and 40% are national tenants. The property is zoned CG-General Commercial and sits on a 64,347 sq ft lot. This fee-simple offering is ideal for a 1031 exchange.