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136-140 W Boynton Beach Blvd

2,016 SF 100% Leased Retail Building Boynton Beach, FL 33435 £1,330,165 (£660/SF) 4.43% Net Initial Yield

Investment Highlights

  • Free Standing Retail Building located at hard corner with Check Cashing USA established national 18+ year tenant
  • Boynton Beach Full Service Marina, Restaurants, Retail & Residential
  • Walking distance to new Town Square City Hall, Library, renovated Historic High School, Amphitheater, Approved 750 Multifamily Units & Hotel

Executive Summary

Prime Investment Free Standing retail building located at hard corner with 18+ year national Check Cashing USA triple net lease. Just west of 16.5 acre Town Square Public Private Partnership (P3) Mixed-Use and Governmental Complex Project has been identified as the catalyst project in redevelopment of both the Boynton Beach Boulevard and Cultural Districts within the BBCRA area.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £79,331 £39.43
Other Income - -
Vacancy Loss - -
Effective Gross Income £79,331 £39.43
Taxes £9,187 £4.57
Operating Expenses £6,132 £3.05
Total Expenses £15,319 £7.61
Net Operating Income £64,012 £31.82

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £79,331
Annual Per SF £39.43
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £79,331
Annual Per SF £39.43
Taxes
Annual £9,187
Annual Per SF £4.57
Operating Expenses
Annual £6,132
Annual Per SF £3.05
Total Expenses
Annual £15,319
Annual Per SF £7.61
Net Operating Income
Annual £64,012
Annual Per SF £31.82

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,016 SF
Building Class
C
Year Built/Renovated
1965/2005
Price
£1,330,165
Price Per SF
£660
Net Initial Yield
4.43%
NOI
£58,868
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Land Acres
0.30 AC
Zoning
C2 - Local Commercial Retail
Parking
16 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
100 ft on W Boynton Beach Blvd

Amenities

  • Bus Route
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 1,342 SF
  • £35.96
  • NNN
  • May 2027

As an established financial institution, Check Cashing USA™ offers short-term cash solutions along with great customer service. Check Cashing USA™ has many locations strategically placed throughout South Florida to make sure your money is around the corner. Call or come by your nearest location today. Check Cashing USA™ is here for you when you need cash fast. They help people every day with Payday Loans, Check Cashing, Money Transfers and other Financial Services. Trust South Florida's oldest money service business servicing their customers for the last 30 years.

  • Local Services
  • Service type
  • 672 SF
  • £27.94
  • Full Service Gross
  • Nov 2024
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 1,342 SF £35.96 NNN May 2027
Local Services Service type 672 SF £27.94 Full Service Gross Nov 2024
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-43-45-28-10-004-0010
Land Assessment
£276,747
Improvements Assessment
£144,306
Total Assessment
£376,477
Annual Taxes
£9,187 (£4.56/sf)
Tax Year
2023
  • Listing ID: 26412486

  • Date on Market: 16/08/2022

  • Last Updated:

  • Address: 136-140 W Boynton Beach Blvd, Boynton Beach, FL 33435

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