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IHOP 1503 Belvedere Rd
5,408 SF of Retail Space Available in West Palm Beach, FL 33406
Highlights
- Median household income of $68,951 within a one mile raidus
- 7 minute drive from Downtown West Palm Beach
- Belvedere Rd has a daily traffic count of 32,655 vehicles
- 6 minute drive from Palm Beach International Airport
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 5,408 SF | 9’ | 3-7 Years | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $13,520 /MO $162,240 /YR | Triple Net (NNN) |
1st Floor
The building is 6,000 SF, $180k annual rent and 3% of gross revenue from the location, tenant covers all costs associated with the building. 33,000 Average Daily Traffic Count
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Space In Need of Renovation
- Central Air Conditioning
- Finished Ceilings: 9’
- Desirable location, Excellent Road Visibility
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1503 Belvedere Rd , West Palm Beach, FL 33406
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Restaurant | Parking Ratio | 11.09/1,000 SF |
| Gross Leasable Area | 5,408 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,408 SF |
| Year Built | 1986 |
| Parking Ratio | 11.09/1,000 SF |
About the Property
This current IHOP restaurant features an immaculately located restaurant leasing opportunity. The building is located directly on Belvedere Road, a block from major US highway I-95 and Palm Beach International Airport as well as minutes away from Downtown West Palm Beach and US-1. Belvedere Road features an average daily Traffic Count of over 33,000 cars per day and presents excellent visibility for the restaurant tenant. If you have any questions about the property reach out to us today, this unique opportunity will not last! Lease is $150,000 per year and 3% of revenue, base rent increases 3% per year and we'll sign up to a 7 year lease.
- Pylon Sign
- Signage
Nearby Major Retailers
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Joacim Borg -
Index Investment Group
Presented by
IHOP | 1503 Belvedere Rd
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