500 E Yamato Rd - Freestanding FOR SALE


Boca Raton, FL 33431
$2,400,000 USD
786-522-7013
500 E Yamato Rd, Boca Raton, FL for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

500 E Yamato Rd
Boca Raton, FL 33431


HIGHLIGHTS

  • Vacant Checkers with Drive-Thru Opportunity
  • Brand New Home Development Nearby Royal Palm with 61 Sold Out Building Lots and Sandpiper Pointe with 76 Building Lots
  • Located Less Than One Mile from Interstate 95
  • One Million Square Feet of Office Space within a Half Mile
  • 26,000 Vehicles Per Day on Yamato Road
  • Many National Retailers in Immediate Area

OVERVIEW

Marcus & Millichap is pleased to present for sale this Former Checkers site located at 500 Yamato Road in Boca Raton, Florida. Boca Raton is a city in Palm Beach County, and it ranked as the 23rd largest city in Florida. A part of South Florida, Boca Raton is 45 miles north of Miami and a principal city in the Miami Metropolitan Area, which has a population of 6,012,331. As a business center, the city also experiences significant daytime population increases. Boca Raton is centered around luxury beach culture with many malls and shopping centers including the Town Center at Boca Raton. It is home to the main campus of Florida Atlantic University and the Evert Tennis Academy. The property consists of a ±32,086 SF (0.74 acres) developed land parcel with a 1-story, ±750 SF restaurant with drive-thru with two points of ingress/egress on Yamato Road and NE 51st Ave. It is strategically located on Yamato Road and NE 51st Street with 26,000 vehicles per day and less than 1-Mile east of Interstate 95. The property is surrounded by many multi-million-dollar homes and businesses. There is over one million square feet of office space within a half mile radius of the subject property with a low 4.7% vacancy rate. Top companies based in Boca Raton include Office Depot, with a 28 acre campus, The GEO Group, Friend Finder Network, consumer products company Jarden and e-retailer Vitacost. Boca Raton is an affluent community with an average household income exceeding $125,000 with a population of 162,250 within a 5-mile radius of the property. Many colleges and universities are a few minutes from this property including Florida Atlantic University one mile away with student enrollment of 24,861, Everglades University two miles away with student enrollment 1,498, and Lynn University four miles away with an enrollment of 2,640. Shopping malls and shopping centers nearby include Shoppers Haven Shopping Center, Fifth Avenue Shops, The Shops at University Park, Boca Raton Shopping Center, Shoppes of Blue Lake and Dumar Plaza. There are many national and regional retailers in the immediate area including Aldi, Dunkin’, Truist, First Citizens Bank, CVS, Mobil, Panera Bread, Publix, Bank of America and O’Reilly Auto Parts among others.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$3,200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Checkers W Drive Thru Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

R-B-1

APN/PARCEL ID

06-43-47-08-34-003-0000

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.