1501 W Blue Heron Blvd
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1501 W Blue Heron Blvd
2,046 SF 100% Leased Retail Building Riviera Beach, FL 33404 $1,950,000 ($953/SF) 6.20% Cap Rate
Executive Summary
Investment Opportunity, businesses are not for sale.
Excellent Opportunity to invest in this outparcel gas station and retail income property. Blue Heron host over 34,000 cars a day. Surrounded warehouse distract, neighborhoods and schools. Site is conveniently located just one mile east of I-95 and under 2 miles from the Port of Palm Beach. Surround national tenants include Kentucky Fried Chicken, Dunkin Donuts, Taco Bell, O'Reilly Auto parts.
Landlord is responsible for roof and structure, balance of expenses are tenant responsibilities. Long term tenants in place and long history as this location for both gas and T-Mobil. NN Investment.
Excellent Opportunity to invest in this outparcel gas station and retail income property. Blue Heron host over 34,000 cars a day. Surrounded warehouse distract, neighborhoods and schools. Site is conveniently located just one mile east of I-95 and under 2 miles from the Port of Palm Beach. Surround national tenants include Kentucky Fried Chicken, Dunkin Donuts, Taco Bell, O'Reilly Auto parts.
Landlord is responsible for roof and structure, balance of expenses are tenant responsibilities. Long term tenants in place and long history as this location for both gas and T-Mobil. NN Investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,046 SF
Building Class
C
Year Built
1967
Price
$1,950,000
Price Per SF
$953
Cap Rate
6.20%
NOI
$120,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
CN
Parking
12 Spaces (8.86 Spaces per 1,000 SF Leased)
Frontage
49 FT on W Blue Heron Blvd
PROPERTY TAXES
| Parcel Number | 56-43-42-29-04-006-0011 | Improvements Assessment | $268,510 |
| Land Assessment | $401,679 | Total Assessment | $670,189 |
PROPERTY TAXES
Parcel Number
56-43-42-29-04-006-0011
Land Assessment
$401,679
Improvements Assessment
$268,510
Total Assessment
$670,189
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1501 W Blue Heron Blvd
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