515 South Dixie Highway West Palm Beach, FL 33401

$3,800,000
0.27
Acres
$3,800,000
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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.

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.

  • Neighborhood
  • Type
  • County
    Palm Beach County
  • Tax Amount
    $37,608
  • Status
    Active
  • Listing #
    A12026968
  • Built
    1965
  • Lot Size
    0.27
  • Listed on site
    5 days
  • Listing Agent Id
    3313310
  • Listing Agent Phone
    305-570-2600

Listed by:
APEX Capital Realty LLC

Source:
MIAMI MLS

Property details

Community Features

  • No HOA
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