Riviera Plaza 2617 President Barack Obama Hwy

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in Riviera Plaza located at 2617 President Barack Obama Highway in Riviera Beach, Florida (the “Property”). The two-tenant plaza is improved with Riviera Meat Market and Riviera Beach Beauty Supply and contains 8,000 square feet on a 1.48-acre parcel. Riviera Meat Market has 19+ years remaining on their Triple Net (NNN) Lease. Riviera Beach Beauty Supply has occupied this location for more than 20 years and just signed a new 15-year Triple Net Lease, demonstrating their commitment to the site and the market. Riviera Meat Market’s lease calls for attractive annual rent increases beginning in year 4 of their lease. Riviera Plaza is well located along President Barak Obama Highway (SR 811), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility and signage and is positioned across the street from the Riviera Beach municipal office campus, and the Inlet Grove Community High School. Riviera Plaza is seconds from the intersection with W Blue Heron Boulevard (SR 708), and offers convenient access to US Route 1, SR 710 and Interstate 95. Riviera Plaza is close to national and local retailers and restaurants that drive traffic to the area and is surrounded by densely populated residential neighborhoods providing a captive customer base.