Listing Summary
Prime NNN investment opportunity at 515 S Dixie Highway, West Palm Beach, FL. This ±5,500 SF retail/automotive property is leased to Goodyear under a long-term absolute NNN structure, delivering passive, bond-like income in a high-traffic downtown corridor.
Full Description
APEX Capital Realty presents 515 S Dixie Highway, a rare opportunity to acquire a corporate-backed, single-tenant NNN investment in the heart of Downtown West Palm Beach. The property consists of approximately 5,500 square feet of building area situated on an 11,731 square foot lot (±0.27 acres) along the highly trafficked US-1 corridor, offering exceptional visibility and accessibility.
The asset is leased to Goodyear, a globally recognized, investment-grade tenant, under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities. The lease commenced in 2022 with an initial 15-year term, complemented by six 5-year renewal options and 10% rent escalations every five years, ensuring predictable income growth and long-term stability.
Strategically positioned in an urban infill location, the property benefits from proximity to major demand drivers including Downtown West Palm Beach, Clematis Street, The Square, and Palm Beach Island. Its central location also provides immediate access to key transportation routes such as Okeechobee Boulevard and I-95, further enhancing its long-term investment appeal.
With a 25-year potential lease horizon, built-in rental escalations, and a strong corporate tenant, this asset represents an ideal opportunity for investors seeking stable, hands-off income in one of South Florida’s most dynamic and supply-constrained markets.
Quick Glance
- Listing ID:
CL-Florida-27564
- Status:
Active
- Year Build:
1965
- Building Size:
5,500 SqFt
- Lot Size:
11,731.00 Acre