ADT Commercial | NNN Leased | 8 yr+ Term 5701 Village Blvd

*TENANT RECENTLY EXERCISED AN EARLY LEASE RENEWAL THROUGH AUGUST OF 2032 ILLUSTRATING TENANT'S COMMITMENT TO THIS LOCATION*
INVESTMENT OVERVIEW:
Asset Specialists, Inc. is pleased to bring to the market for sale 5701 Village Boulevard – a ±14,623 sf commercial property situated on an oversized ±3.75-acre parcel that is 100% NNN leased to ADT Commercial, LLC (Everon) – a multi-billion-dollar company.
5701 Village Boulevard is strategically located in the heart of suburban West Palm Beach, benefiting from a highly accessible location with immediate access to I-95 via 45th Street and close proximity to Florida’s Turnpike, Downtown West Palm Beach, Palm Beach International Airport, and more.
In recent years, West Palm Beach has experienced unprecedented growth, attracting many of the Country’s largest and most notable corporations with its competitive, business-friendly environment paired with an unmatched quality of life for its residents. 5701 Village Boulevard offers a unique opportunity for an investor to purchase a leased asset with phenomenal future upside potential through increased rents and potential building expansions, all the while enjoying the cash flow and security of a high-credit tenant and the benefits of an in-place NNN lease.
IN-PLACE NOI: $201,676.03
ABOUT THE TENANT:
ADT Commercial is an internationally recognizable brand in the security monitoring sector and the Tenant subject to the lease at 5701 Village Boulevard. In October of 2023 ADT Commercial was acquired for $1.5 billion by the 35-billion-dollar private equity firm GTCR (www.gtcr.com) and was subsequently rebranded as “Everon” (www.everonsolutions.com).
Everon is a leading provider of integrated security, fire, and life safety solutions for enterprise-scale commercial customers across the US. Through its predecessor company (ADT Commercial), Everon has built a reputation as one of the nation’s most trusted commercial security providers, with decades of experience and a proven record of excellence. The company has over 300,000 customers, 5,000 employees, and 100 offices including its corporate HQ in Boca Raton, Florida.
5701 Village Boulevard is home to Everon’s service division and service leadership team for all South Florida presumably rendering this location as part of their critical infrastructure. The facility is primarily utilized as a sales office, service dispatch center, and central meeting location for all staff and executives involved in the South Florida Atlantic division of the company.