La-Z-Boy – Royal Palm Beach, FL – NN Offering
410 South State Road 7
LIST PRICE: $5,863,865
CAP RATE: 6.0%
- One of the world’s leading residential furniture producers with a large, proprietary distribution network and independent retail stores
- Outparcel to 400,000 SF power center; less than two miles north of The Mall at Wellington Green, a 1.3M SF regional mall
- New construction located along busy State Rd. 7 — a major north-south artery in South Florida — with 53,000 cars ADT and near other national retailers and restaurants as well as residential communities
- $87K+ average household income within a 1 mile radius
- Rent increases every 5 years and options to extend
- 181,000+ people within a 5 mile radius
- There are no features available
$5,863,865
13,532 square feet
Price: | $5,863,865 |
Cap Rate: | 6.0% |
Building Size: | 13,532 square feet |
SF Land Area: | TBD |
Current NOI: | $351,832 |
Lease Type: | NN |
Remaining Term: | Ten (10) Years |
Status: | Under Contract |
CONTACT BROKER
Michael Zimmerman
