
$6,500,000 USD
Retail Property for Sale, 23133 Sandalfoot Plaza Dr, Boca Raton, Florida 33428
- MLS#A11924031
Listed By Fortune Christie's Intl R.E.
The Retail Property for Sale located at 23133 Sandalfoot Plaza Dr, Boca Raton, Florida 33428 is currently for sale. 23133 Sandalfoot Plaza Dr, Boca Raton, Florida 33428 is listed for $6,500,000.
Property features
Lot/Land
- Land/Lot size:
5,599 m² (60,272 ft²)
Construction
- Year built: 1990
Description
23133 Sandalfoot Plaza Drive is a fully stabilized retail asset in Boca Raton’s established Sandalfoot corridor, offering immediate cash flow and long-term income security. The property features prime frontage along US 441 / State Road 7 with over 50,000 vehicles per day and is surrounded by dense residential neighborhoods that drive consistent consumer demand. The center is 100% occupied with a diversified mix of service-oriented tenants, including Jiffy Lube, Express Car Wash, restaurants, and a tint/audio operator, providing essential, repeat-use services that enhance stability and minimize vacancy risk. A strong anchor tenant reinforces the asset’s resilience through market cycles and is currently paying above-market rent, while all leases include annual rent increases, ensuring steady income growth. Additionally, a revenue-generating billboard adds a secondary income stream, further enhancing returns. With solid tenant fundamentals and a prime infill location, this asset presents a low-risk, income-focused investment with upside potential.
Location
23133 Sandalfoot Plaza Dr, Boca Raton, Florida 33428