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Gardens Square Plaza 11701 US Highway 1

20,008 SF 100% Leased 4-Star Retail Building Palm Beach Gardens, FL 33408 $11,900,000 ($595/SF) 6.50% Cap Rate

Investment Highlights

  • Great Location
  • Lots of Parking
  • Class A Retail
  • Great Visibility
  • Large Monument Sign on US Highway One
  • Great Opportunity

Executive Summary

Prime Palm Beach County/Palm Beach Gardens/North Palm Beach real estate opportunity for a user or savvy investor wanting a trophy property in the heart of East Palm Beach Gardens and North Palm Beach area. Located in a very affluent are with major retail and office tenants. Located on US Highway One, just north of PGA Boulevard. Property is currently 100% leased with anchor tenant just renewing for additional 3 years at market rents. Well-built building of 20,008 square feet on 2.42 acres with plenty of parking and large signage and excellent visibility to US Highway. Curb cut on US Highway One and secondary street, Kathy Lane.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,008 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2000
Price
$11,900,000
Price Per SF
$595
Cap Rate
6.50%
NOI
$773,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
2.42 AC
Zoning
CG - General Commercial Palm Beach County
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
154 FT on Us-1 Hwy

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

In 1964, Jay Schiller, took over a mattress refurbishing business across the street from his father’s furniture store in Buffalo, N.Y. Not knowing much about mattress repairs, Schiller decided to focus his first retail store on selling new mattresses. At 25, he reached out to a Serta owner and persuaded him to give Schiller a few mattresses on consignment. The first City Mattress was born. With a strong focus on customer service, Schiller grew City Mattress into a small business success story. Schiller’s guiding principle: to treat people the way you want to be treated. Schiller believed in applying this philosophy to its customers and employees, many of whom have worked at City Mattress for more than a decade. "I've been here half my life," an employee at City Mattress said. "There's no reason to leave. The Schillers treat us like family."

  • Finance and Insurance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Third Federal is a better bank. They’re a bank you can believe in. Honestly. Everything they do centers on offering you better value for your hard-earned money: lower mortgage rates, higher savings yields, simple, straightforward products, and exceptional, human-touch customer service. They take the complexity out of banking. At Third Federal, what you see is what you get. They shop local and national banks daily to ensure they’re always offering the best rates and fees. And they never build hidden charges or tricks into our rates or products. They’re straightforward and honest. It’s the way banking should be.

  • Waterfront Propeties
  • Real Estate
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -
Finance and Insurance 99,999 SF - Lorem Ipsum -
Waterfront Propeties Real Estate 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Publix
Duffy's Sports Grill
Starbucks
The Melting Pot
Valley National Bank
Nature's Way Cafe
Regions Bank
Fifth Third Bank
PNC Bank
Citi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-43-42-04-00-000-3300
Land Assessment
$2,546,504 (2023)
Improvements Assessment
$3,743,796 (2023)
Total Assessment
$6,050,633 (2023)
  • Listing ID: 31017426

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: 11701 US Highway 1, Palm Beach Gardens, FL 33408

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