Peachtree Plaza Portfolio
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Peachtree Plaza Portfolio
2 Properties Offered at $18,000,000 in Delray Beach, FL
Investment Highlights
- +/- 64,000 SF Retail/Medical Plaza on Over 8 Acres in the High-Demand Delray Beach Market
- 800-Feet of Frontage on Atlantic Ave with 50,000 Vehicles/Day
- Current Rents +/-20% Below Market w/ 42% of Tenancy Expiring by end of 2025 Providing Immediate Value-Add Potential
- All leases are NNN, Protecting an Investor from Rising Operating Costs Impacting Net Operating Income
- Prime 1-Acre Outparcel has Potential to Generate Significant Additional Net Income via Ground Lease
- Several Affluent Country Clubs in the Area, Driving Consistent Customer Traffic with Strong Spending Power
Executive Summary
******Please visit property website for OM and further information.
https://properties.svn.com/pp
$16,000,000 (250/square foot) - Peachtree Plaza
$2,000,000 (2M/acre) Outparcel
Portfolio Price: $18,000,000
SVN Commercial Partners is pleased to present Peachtree Plaza, a 64,000-square-foot retail and medical plaza in Delray Beach, Florida, for sale. Situated on over 8 acres along Atlantic Avenue, the property includes a prime 1-acre outparcel and benefits from approximately 50,000 vehicles passing by daily. Originally built in 1984 and upgraded since 2019, Peachtree Plaza is 86% occupied with rents about 20% below market rates, offering immediate value-add potential. Nearly half the tenants have leases expiring by 2025, and the outparcel pad is zoned for a 10,000-square-foot structure, with the potential to generate $150,000 in additional net income.
Peachtree Plaza features 800 feet of frontage on Atlantic Avenue, a key east-west corridor connecting to the Florida Turnpike and I-95. The property enjoys excellent visibility and access from two points, including a signalized intersection. With over 216,000 residents within 5 miles and an average household income of $90,000, the area shows strong demand, especially for medical services, reflected by tenants like ChenMed.
Surrounded by major retailers such as Publix, Starbucks, and Sprouts, and prestigious country clubs, Peachtree Plaza is positioned in a high-traffic, affluent area. Recent ownership improvements, such as repaving and exterior repainting, highlight the property's diligent maintenance. This plaza presents a unique investment opportunity with substantial upside potential in one of the most desirable markets in the country.
https://properties.svn.com/pp
$16,000,000 (250/square foot) - Peachtree Plaza
$2,000,000 (2M/acre) Outparcel
Portfolio Price: $18,000,000
SVN Commercial Partners is pleased to present Peachtree Plaza, a 64,000-square-foot retail and medical plaza in Delray Beach, Florida, for sale. Situated on over 8 acres along Atlantic Avenue, the property includes a prime 1-acre outparcel and benefits from approximately 50,000 vehicles passing by daily. Originally built in 1984 and upgraded since 2019, Peachtree Plaza is 86% occupied with rents about 20% below market rates, offering immediate value-add potential. Nearly half the tenants have leases expiring by 2025, and the outparcel pad is zoned for a 10,000-square-foot structure, with the potential to generate $150,000 in additional net income.
Peachtree Plaza features 800 feet of frontage on Atlantic Avenue, a key east-west corridor connecting to the Florida Turnpike and I-95. The property enjoys excellent visibility and access from two points, including a signalized intersection. With over 216,000 residents within 5 miles and an average household income of $90,000, the area shows strong demand, especially for medical services, reflected by tenants like ChenMed.
Surrounded by major retailers such as Publix, Starbucks, and Sprouts, and prestigious country clubs, Peachtree Plaza is positioned in a high-traffic, affluent area. Recent ownership improvements, such as repaving and exterior repainting, highlight the property's diligent maintenance. This plaza presents a unique investment opportunity with substantial upside potential in one of the most desirable markets in the country.
Property Facts
| Price | $18,000,000 | Number of Properties | 2 |
| Price / SF | $282.89 / SF | Individually For Sale | 0 |
| Cap Rate | 6.34% | Total Building Size | 63,629 SF |
| Sale Type | Investment | Total Land Area | 9.28 AC |
| Status | Active |
| Price | $18,000,000 |
| Price / SF | $282.89 / SF |
| Cap Rate | 6.34% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 63,629 SF |
| Total Land Area | 9.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Peachtree Plaza Outparcel
5828 Atlantic ave, Delray Beach, FL 33484 |
Land | 1.00 AC | - | - |
|
Peachtree Plaza
5850 W Atlantic Ave, Delray Beach, FL 33484 |
Retail | 63,629 SF | 1986 | - |
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