ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Toys“R”Us & Babies“R”Us – Royal Palm Beach, FL – NN Offering

450 South State Road 7
Sold

SOLD PRICE: $13,000,000
CAP RATE: 7.4%

  • World’s leading dedicated toy and baby products retailer with 1,600+ stores in the U.S., Puerto Rico, and abroad and 210 licensed stores in 36 countries and jurisdictions
  • 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
  • Average household income of $87,000+ within a 1 mile radius
  • Rent increases and options to extend
  • 181,000+ people within a 5 mile radius
  • There are no features available

$13,000,000

58,341 square feet

Price:

$13,000,000

Cap Rate:

7.4%

Building Size:

58,341 square feet

SF Land Area:

5.3237 acres

Current NOI:

$962,626.50

Lease Type:

NN

Remaining Term:

Fourteen (14) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

919-391-9900

Download Offering Memorandum
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