515 S Dixie Hwy, West Palm Beach, FL 33401
515 S Dixie Hwy, West Palm Beach, FL 33401
515 S Dixie Hwy, West Palm Beach, FL 33401
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$3,800,000
Est. payment /mo
5,500 SqFt
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $690

MLS Listing ID A12026968

HOA Y/N No

Year Built 1965

Annual Tax Amount $37,608

Lot Size 0.269 Acres

Property Sub-Type Industrial

Property Description

This corporate-backed, absolute NNN lease with Goodyear offers investors true hands-off, bond-style income from a globally recognized, investment-grade tenant. The 15-year lease, commencing in 2022, includes six 5-year renewal options with 10% rent increases every five years, providing predictable growth and long-term security. Located on the high-traffic US-1 corridor in Downtown West Palm Beach, the property benefits from excellent visibility, urban infill, and easy access to Okeechobee Blvd and I-95. With zero landlord responsibility, this 5,500 SF building on an 11,731 SF lot delivers stable cash flow and a 25-year horizon of built-in escalations, making it a rare opportunity for investors seeking reliable, long-term income.

Location

State FL

County Palm Beach

Area 5420

Exterior

Private Pool Yes

Others

Tax ID 74434321080550011

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12026968

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by APEX Capital Realty LLC

Nearby Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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515 S Dixie Hwy