SIXT Rent A Car
For sale2000 Okeechobee Blvd, West Palm Beach, FL 33409-4113
Property type
Retail
Price
$3,636,000
CAP
5.50%
Building size
1,248 sf
Year built
1955
Year renovated
2026
Occupancy
100%
Lot size
0.51 Acres
Net Operating Income
$200,000
Property description
Franklin Street is pleased to present the opportunity to acquire 2000 Okeechobee Boulevard in West Palm Beach, Florida, a strategically located automotive property subject to a newly executed lease with Sixt Rent A Car, LLC. The lease provides for initial annual base rent of $200,000 with 2.0% annual increases, a seven-year initial term and two, five-year extension options. The propery is positioned along Okeechobee Boulevard, one of West Palm Beach's primary commercial corridors, providing connectivity between President Donald J. Trump International Airport, I-95, Downtown West Palm Beach/CityPlace and Palm Beach. The location benefits from a diverse demand base driven by tourism, business travel, population growth and the continued expansion of Downtown West Palm Beach as a major South Florida employment and financial center. Sixt is one of the world's leading premium mobility providers and continues to expand its U.S. platform. The company reported more than $1.5 billion in U.S. revenue in 2025, while Palm Beach county welcomed a record 10.7 million-plus visitors during the same year. The 0.51-acre property benefits from a long-established automotive history, with Palm Beach County confirming that Light Vehicle Sales and Rental remains a vested use for the site. The property is currently being prepared for SIXT occupancy, with the location targeted to open by year--end 2026. Florida Broker Of Record Darron Kattan BOR License No. BK3256503 Firm License No. CQ1072039 813-839-7300 FSIVS@FranklinSt.com Franklin Street Commercial Real Estate Services LLC
Property highlights
- Newly Executed 7-Year Lease With 2% Annual Increases in West Palm Beach
- Investment Grade Credit: Sixt Rated as BBB by S&P 500
- Incredible Visibility: 60,000 VPD on Okeechobee Blvd
- Strategic Location Along Okeechobee Blvd Between President Donald J. Trump International Airport, I-95, Downtown West Palm Beach/CityPlace and Palm Beach
- Estimated Automotive Corridor with Dealerships and Car Rentals
- SIXT Has Strong Annual Revenue Growth: $4.28B
- SIXT Operates 2,200+ Locations in More Than 100 Countries Worldwide
- Prime Urban Location: 275,000+ Residents within 5 Mile Radius