515 S Dixie Highway

For Sale

515 S Dixie Highway

City:WEST PALM BEACH

Property Status: For Sale

Adriano Salucci adriano@apexcapitalrealty.com

Price $4,250,000

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Property Summary

SITE FEATURES: Prominent US-1 (S Dixie Hwy) frontage; excellent urban infill visibility; easy access east–west to Okeechobee Blvd and to I-95 via Okeechobee

Description This corporate-backed, absolute NNN lease with Goodyear offers investors true hands-off, bond-style income from a globally recognized, investment-grade tenant. The 15-year lease, commencing in 2022, includes six 5-year renewal options with 10% rent increases every five years, providing predictable growth and long-term security. Located on the high-traffic US-1 corridor in Downtown West Palm Beach, the property benefits from excellent visibility, urban infill, and easy access to Okeechobee Blvd and I-95. With zero landlord responsibility, this 5,500 SF building on an 11,731 SF lot delivers stable cash flow and a 25-year horizon of built-in escalations, making it a rare opportunity for investors seeking reliable, long-term income.

Lot & Building Size Breakdown:

BUILDING SIZE: 5,500 SF

LOT SIZE: 11,731 SF

Property Highlights

TENANT The Goodyear Tire & Rubber Company

USE Tire sales, installation, and related automotive services

LEASE TYPE Absolute NNN

LEASE ESCALATIONS 10% increases every five (5) years during the initial term

LEASE TERM 15 years (commencement 2022)

LEASE OPTIONS Six (6) five (5)-year options to renew (10% increases at the beginning of each option term)

NOI $90,750.00

ZONING QGD-10 (Downtown WPB – Quadrille Garden

CORE LOCATION Downtown West Palm Beach, minutes to The Square, Clematis, Fl

Details Property size: 11731 Property Status: For Sale Property Type: Industrial

Address City: WEST PALM BEACH State/country: Florida

Documents Property Brochure download

Listing Agents

Adriano Salucci Vice President, Investment Sales

(305) 340-3584 adriano@apexcapitalrealty.com

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515 S Dixie Highway Industrial Adriano Salucci 4 months ago $4,250,000