Peachtree Plaza Portfolio FOR SALE


Delray Beach, FL - Outer Delray Beach
$18,000,000 USD
561-485-1129
, Delray Beach, FL for Sale
$18,000,000 USD
FOR SALE
1/12
null | 6.34% Cap Rate

Peachtree Plaza Portfolio
Delray Beach, FL
Outer Delray Beach


HIGHLIGHTS

  • +/- 64,000 SF Retail/Medical Plaza on Over 8 Acres in the High-Demand Delray Beach Market
  • All leases are NNN, Protecting an Investor from Rising Operating Costs Impacting Net Operating Income
  • 800-Feet of Frontage on Atlantic Ave with 50,000 Vehicles/Day
  • Prime 1-Acre Outparcel has Potential to Generate Significant Additional Net Income via Ground Lease
  • Current Rents +/-20% Below Market w/ 42% of Tenancy Expiring by end of 2025 Providing Immediate Value-Add Potential
  • Several Affluent Country Clubs in the Area, Driving Consistent Customer Traffic with Strong Spending Power

OVERVIEW

******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.

ASK ABOUT THIS PROPERTY

Elon GerbergSVN - ROI GroupMore Info
561-485-1129

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Elon GerbergSVN - ROI GroupMore Info
561-485-1129

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