14860 Military TrlDelray Beach, FL 33484

This exceptional 86,118 square foot shopping center in Delray Beach, Florida boasts a prime location at the intersection of Military Trail and Atlantic Avenue, just three miles from downtown. The property benefits from strong demographics, with over 228,000 residents within a 5-mile radius and an average household income exceeding $110,000. Currently 96.5% occupied, the center features a diverse mix of tenants, including major national anchors such as Michaels, Starbucks, CVS, and Conviva, all operating under triple-net leases. This ensures immediate and stable cash flow in a submarket with limited vacancy. The weighted average lease term (WALT) exceeds 8 years, providing long-term stability, with 60% of the rentable square footage occupied by national tenants on leases with at least six years remaining. The property offers nearly 1,300 feet of high-visibility frontage along heavily trafficked Atlantic Avenue and Military Trail. Its strategic location is further enhanced by surrounding retailers, attractions, and educational facilities. An assumable, interest-only loan of $18.5 million is available, with a 7.2% interest rate and four years remaining. This recently repositioned and stabilized retail center presents a compelling investment opportunity. The property's strong tenant mix, high occupancy, and long-term leases contribute to its exceptional financial performance and future potential. The combination of a desirable location, strong demographics, and a stable tenant base makes this a truly exceptional investment opportunity.