ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

La-Z-Boy – Royal Palm Beach, FL – NN Offering

410 South State Road 7
Sold

SOLD PRICE: $5,600,000
CAP RATE: 6.28%

  • One of the world’s leading residential furniture producers with a large, proprietary distribution network and independent retail stores
  • Outparcel to 400,000 SF power center; less than two miles north of The Mall at Wellington Green, a 1.3M SF regional mall
  • New construction located along busy State Rd. 7 — a major north-south artery in South Florida — with 53,000 cars ADT and near other national retailers and restaurants as well as residential communities
  • $87K+ average household income within a 1 mile radius
  • Rent increases every 5 years and options to extend
  • 181,000+ people within a 5 mile radius
  • There are no features available

$5,600,000

13,532 square feet

Price:

$5,600,000

Cap Rate:

6.28%

Building Size:

13,532 square feet

SF Land Area:

TBD

Current NOI:

$351,832

Lease Type:

NN

Remaining Term:

Ten (10) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

919-391-9900

Download Offering Memorandum
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