Yamato Plaza
Closed10075 Yamato Rd, Boca Raton, FL 33498
Property type
Retail
Unit / Space count
1
Price
$2,400,000
Building size
6,500 sf
Rentable area
6,500 SF
Year built
1999
Year renovated
Occupancy
100%
APN
00-41-47-01-38-002-0000
Zoning code
MUPD
Lot size
0.84 Acres
Price per Unit
$2,400,000
Price per SF
$369.23
Property description
Franklin Street Investment Services is proud to present Yamato Plaza in Boca Raton, FL. This offering is for a retail center with three (NNN) Triple Net tenants. The property has 6,500 gross leasable area on a .844 acre lot. The plaza is currently 100% occupied with three unique tenants featuring Sherwin Williams, Haus Salon Spa, and Yolo Vape and Smoke Shop. Each tenant currently has 4 years remaining on their leases and each has a 5-year lease term. Tenant Sherwin Williams has three(3)- five(5) year options, while Haus Spa has 3% annual rent increases and Yolo Smoke Shop with 4% annual rent increases. Yamato Plaza is situated near the signalized corner of Yamato Rd and SR-7. Between Yamato Rd and SR-7, about 53,600 vehicles travel on these two roads per day. The estimated household income within a 1-mile radius of the subject property is $111,062, and the population size of 31,215. The subject property is next to Bright Horizons an early education & preschool center that specializes in child care. Additionally, the subject property is down the street from HSBC plaza in which national brands like CVS Pharmacy and Dunkin can be found. The property is located within a short distance from the epicenter of Boca's Raton Downtown area where Florida Atlantic University and Boca Raton Airport is located.
Property highlights
- Franklin Street exclusively represented the seller and buyer in this transaction
- Sold all-cash to a local 1031 exchange buyer
- 100% occupied center with Sherwin Williams, HAUS (salonspa), and Yolo Vape & Smoke Shop
- Strong demographics with an Average Household Income of $114,151 within one (1) mile