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RealINSIGHT Marketplace and Franklin Street are pleased to present Village Shoppes on 441:

  • High-Performing Burlington Burlington’s sales have gone up each of the last two years and were in excess $14.3M in 2017.  Burlington has a 3.59% rent to sales ratio.
  • Strong Upside in Leasing Remaining Vacancy Currently 84.53% occupied, with strong leasing momentum.  9 new leases signed in last two years.
  • Excellent Visibility 138,346 VPD combined at this intersection.  The property benefits from six access points.
  • Attractive South Florida Market – Palm Beach County is the wealthiest county in the state of Florida.
  • Affluent and Growing Submarket – 2.7% historical annual growth surrounding the property.
  • Surrounded by National Tenants - Walmart, Lowe’s, Home Depot, Costco, Publix, Hobby Lobby, BJ’s, Dick’s Sporting Goods among many others
  • Large Corner Parcel for Future Redevelopment – 30.31 acres on a strong corner allow for many future redevelopment options.

Prospective Investors are provided the unique opportunity to acquire Village Shoppes on 441, a 285,045-SF 83.30% occupied retail center in Royal Palm Beach, Florida. The center is located just 40 miles north of Fort Lauderdale in South Florida. The Miami MSA is the 8th largest in the US with over 6.1 million residents and attracts tourists from across the world. The property has a national tenant lineup with Burlington, Bealls, Planet Fitness, Tires Plus, USPS, and T-Mobile occupying spaces in the center. Village Shoppes on 441 is well located at the heavily trafficked intersection of Highway 441 and SR 7. The center has six access points off both roads combined. The property offers a new investor an opportunity to acquire a center below replacement value with significant leasing upside potential. The center is located at the center of the retail node for the area. Surrounding national retailers include: Walmart, Lowe’s, Hobby Lobby, Publix, BJ’s Warehouse, Home Depot among many others, bringing shoppers to this area.

Site tours will be offered on October 2nd & 3rd, please reach out to Bryan Belk at 404-832-1251 or at Bryan.Belk@FranklinSt.com to schedule a tour. 

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CWCapital Markets and Franklin Street are pleased to offer Seller Approved Financing Options

Benefits include:

- Lender access to Property to conduct Lender Inspections and Third Party Reports

- Significant experience across the entire capital stack

- Unparalleled capital markets knowledge

- Development of the most creative financing strategies

- Established relationships with debt funds, insurance companies, investment banks,

  foreign and domestic banks, agencies and pension funds

- Provide clients with the most competitive terms and most reliable execution

 

How you receive these benefits:

1 - Contact (now): Casey Siggins at 813-397-1638 or casey.siggins@FranklinSt.com or Ben Miller at 813-559-2005 or Ben.Miller@FranklinSt.com

2 - Complete Finance Pre-Screening (before auction)

3 - Complete Debt Placement Agreement (before auction)

4 - Complete Bid Registration Process (before auction)

5 - Win Auction

6 - Fulfill Lender Checklist

7 - Close Loan

______________________________________

At Franklin Street Capital Advisors, we take a proactive and knowledgeable approach to arranging debt and equity for income-producing real estate investments. The Franklin Street family of companies collaborates across multiple business sectors, using real-time information and accurate market statistics, which results in aggressive loan terms and surety of execution.

Franklin Street Capital’s development and investment banking experience gives us a depth of skill sets and competencies that allow us to negotiate superior solutions. We take all aspects of the real estate investment continuum into account when analyzing an asset, including the dynamics of the market, economic highlights of the project, and the current state of real estate capital markets.

Our Capital team works in partnership with our clients to develop, optimize and implement a plan that enables them to achieve more, retain more and profit more. Our professionals provide tailored capital market information and have a strong commitment to the clients we serve.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Village Shoppes on 441

10109 Southern Boulevard, Royal Palm Beach, FL 33411

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Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • NA
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Burlington, Planet Fitness, and Bealls
  • Property Size
  • 285,045 Sq Ft
  • Land Area
  • 30.31 Acres
  • Year Built
  • 1990
  • Year Renovated
  • 2008
  • Number of Floors
  • 1
  • Number of Buildings
  • 4
  • Parking Count
  • 1,477
  • Occupancy
  • 84.53%
  • Occupancy as of
  • Jul 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU93

      Fisher Auction Co: AB106