This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Message

945 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Island Plaza 2900-3002 Broadway 80,189 SF 90% Leased Retail Building Riviera Beach, FL 33404 $14,200,000 ($177.08/SF) 7.01% Cap Rate

INVESTMENT HIGHLIGHTS

  • Heavy traffic counts in up and coming area. Federal Hwy 25,376, Broadway 23,000, and W. Blue Heron Blvd 18,300
  • Within 10 miles of Palm Beach International Airport.
  • 29,259 households within 3 miles with an average income of $52,598

EXECUTIVE SUMMARY

This prime location directly on Broadway. Existing 75,000 square foot shopping center with national tenants. Property sits on over 5.5 acres of land. A new 20 story residential developments going up along Broadway.
Income producing property with a value add opportunity.

ATTACHMENTS

Island Plaza

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
80,189 SF
Building Class
B
Year Built/Renovated
1986/1998
Price
$14,200,000
Price Per SF
$177.08
Cap Rate
7.01%
NOI
$994,745
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
5.54 AC
Zoning
CG, Riviera Beach - General Commercial, Riviera Beach
Parking
248 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
436’ on Broadway

AMENITIES

  • Tenant Controlled HVAC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dollar Tree
  • Retailer
  • 10,000 SF
  • -
  • Triple Net
  • -
  • Retailer
  • -
  • -
  • -
  • -

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

  • Rental and Leasing Services
  • -
  • -
  • -
  • -

Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dollar Tree Retailer 10,000 SF - Triple Net -
Retailer - - - -
Rental and Leasing Services - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 650-8,000 SF
  • Retail
  • In-Line
  • Now
  • C17A-2
  • 10,890 SF
  • Medical
  • In-Line
  • 120 Days
Space Size Space Use Position Available
1st Floor 650-8,000 SF Retail In-Line Now
C17A-2 10,890 SF Medical In-Line 120 Days

1st Floor

Size
650-8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

C17A-2

Size
10,890 SF
Space Use
Medical
Position
In-Line
Available
120 Days
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Publix
Truist
Comerica

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
56-43-42-28-19-000-0170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,000,000
  • Listing ID: 30169251

  • Date on Market: 11/27/2023

  • Last Updated:

  • Address: 2900-3002 Broadway, Riviera Beach, FL 33404

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}