The Shoppes at Southern Palms | 8751-8795 Southern Blvd
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The Shoppes at Southern Palms 8751-8795 Southern Blvd
195,248 SF 100% Leased 4-Star Retail Building West Palm Beach, FL 33411 For Sale
Investment Highlights
- The Shoppes at Southern Palms is a 195,248-square-foot power shopping center located in a bustling West Palm Beach neighborhood.
- High-profile nearby attractions with the adjacent South Florida Fairgrounds and Cruzan Amphitheater, which draw over 1 million visitors annually.
- Benefits from 100% center occupancy, high returns, and a position in a rapidly appreciating area driven by tourism and residential growth.
- Strong tenant mix anchored by major national stores such as Kohl's, Dollar Tree, GNC, and South Florida's first Dick's Sporting Goods location.
- Prominently located along the heavily trafficked, highly visible Southern Boulevard, a main thoroughfare for Northern Palm Beach County..
- Over the past few years, the influx of high net worth individuals continued bolster Palm Beach resident spending.
Executive Summary
The Shoppes at Southern Palms is a 195,248-square-foot power shopping center located in a densely populated West Palm Beach neighborhood at 8751-8795 Southern Boulevard. This bustling 13-tenant center offers exceptional storefront shopping with ample surface parking, surrounded by a strong national tenancy in and around the center. The property is 100% leased and anchored by national tenants like Kohl's, Dollar Tree, and South Florida's first Dick's Sporting Goods location. In addition to its well-known anchors, the Shoppes at Southern Palms exudes beautiful upscale landscaping and excellent curb appeal. Investors will benefit from the property's strategic location, significant occupancy, high returns, and the area's ongoing appreciation driven by tourism and growing residential communities.
Located just off the Florida Turnpike on heavily traveled Southern Boulevard, the Shoppes at Southern Palms boasts prominent visibility with a combined traffic count of over 80,000 cars per day, drawing shoppers from a large trading area. The center is adjacent to the South Florida Fairgrounds and Cruzan Amphitheater, which attracts over 1 million visitors to this intersection and further enhances this vibrant locale. Southern Boulevard is the primary East/West thoroughfare of Northern Palm Beach County, delivering a seamless connection for the communities of Royal Palm Beach and Wellington. The Shoppes at Southern Palms is ideally positioned less than a mile from the Florida Turnpike, providing frictionless access for South Florida residents and visitors alike.
Located just off the Florida Turnpike on heavily traveled Southern Boulevard, the Shoppes at Southern Palms boasts prominent visibility with a combined traffic count of over 80,000 cars per day, drawing shoppers from a large trading area. The center is adjacent to the South Florida Fairgrounds and Cruzan Amphitheater, which attracts over 1 million visitors to this intersection and further enhances this vibrant locale. Southern Boulevard is the primary East/West thoroughfare of Northern Palm Beach County, delivering a seamless connection for the communities of Royal Palm Beach and Wellington. The Shoppes at Southern Palms is ideally positioned less than a mile from the Florida Turnpike, providing frictionless access for South Florida residents and visitors alike.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
195,248 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2009
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
23.65 AC
Opportunity Zone
Yes
Zoning
Commercial, MUPD - Multiple Use Planned Development zone
Parking
1,027 Spaces (5.26 Spaces per 1,000 SF Leased)
Frontage
351 FT on Southern Blvd
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
About West Palm Beach
At the center of Palm Beach County, West Palm Beach has a population of more than 100,000 and incomes slightly higher than the county average. The city is well connected by Interstate 95 and Florida’s Ronald Regan Turnpike as well as Palm Beach International Airport and the newly built West Palm Beach Brightline Station. Accessibility makes the area popular for both employers and residents.
West Palm Beach has seen a recent surge in housing development, with a significant increase in market-rate apartment units over the past decade.
There is also a sizeable office market, including the county’s central business district which houses tenants like Oxbow, Cemex and the IRS. A growing economy, favorable demographics, tourists, and a growing office market have helped West Palm Beach’s retail market.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
3,313
62,232
229,324
393,387
2029 Population
3,417
63,715
235,950
401,277
2024-2029 Projected Population Growth
3.1%
2.4%
2.9%
2.0%
Median Age
39.0
40.1
41.4
40.5
College Degree + Higher
42%
34%
28%
19%
Daytime Employees
5,052
33,841
82,846
174,252
Total Businesses
379
4,147
12,027
26,372
Average Household Income
$149,303
$104,028
$85,062
$84,518
Median Household Income
$126,953
$79,819
$61,389
$62,376
Total Consumer Spending
$43.6M
$731.6M
$2.5B
$4.3B
2024 Households
1,068
21,666
85,431
146,993
Average Home Value
$551,277
$398,083
$323,311
$340,100
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dunkin' | Cafe | - | 3 min walk |
| Texas Roadhouse | - | - | 4 min walk |
Retail |
||
|---|---|---|
| GNC | Nutrition Center | In Building |
| Kohl's | Dept Store | In Building |
| Dollar Tree | Dollar/Variety/Thrift | In Building |
| Dick's Sporting Goods | Sporting Goods | 2 min walk |
| Phenix Salon Suites | Salon/Barber/Spa | 3 min walk |
| Experimax | Consumer Electronics | 3 min walk |
| Wawa | Convenience Market | 11 min walk |
Hotels |
|
|---|---|
| Fairfield Inn |
107 rooms
10 min drive
|
| Hampton by Hilton |
110 rooms
10 min drive
|
| La Quinta Inns & Suites |
114 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $15,508,087 | |
| Land Assessment | $9,237,810 | Total Assessment | $24,745,897 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,237,810
Improvements Assessment
$15,508,087
Total Assessment
$24,745,897
About the Seller
Read More
Sale Advisor
Sale Advisor
Milton Mekler, Manager
(954) 533-2072
Contact
Milton Mekler is Chief Operating Officer of Miami Manager, a commercial real estate investment firm based in South Florida. The firm focuses on mid-size shopping centers that can be repositioned to increase cash flow and property value. The company also acquires land for mixed-use developments in high-traffic areas in South Florida. Milton’s role with Miami Manager includes identifying and executing acquisitions and managing Miami Manager’s portfolio. His ‘hands-on’ approach has helped the company grow strategically and become one of the most active shopping center owners in South Florida. Milton and his team of experienced real estate professionals have been able to attract from local to national retailers to their retail centers. Some of Miami Manager’s tenants include Starbucks, CVS Pharmacy, Dollar Tree Stores, MetroPCS, Dick’s Sporting Goods, Subway, Trek Bicycle, Xfinity, Chick-fil-A, and Kohl’s Department Stores.
-
Milton Mekler -
Miami Manager
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The Shoppes at Southern Palms | 8751-8795 Southern Blvd
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