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.
| MLS # | A11924031 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1990 |
| Days On Site | 275 |
| Listing Provided By | Fortune Christie's Intl R.E. | Rejane Gomes de Paula |
| Building(s) | 1 |
|---|---|
| Zoning | CG General Commercia |
| Acreage | 1.35 |
| Lot Features | One To Two Acres, Residential Lot |
|---|
| Parking Features | Common |
|---|
| Community Features | Shopping |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Boca Raton |
| Zip Code | 33428 |
| Area | 4780 |
| Listing VS Median (in 33428) | |
Price: $6,500,000 low | high Med: $205,000 On site: 275 low | high Med: 198 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Boca Raton |
| Zip Code | 33428 |
| Area | 4780 |
| Listing VS Median (in 33428) | |
Price: $6,500,000 low | high Med: $205,000 On site: 275 low | high Med: 198 | |