Franklin Street is pleased to present Worth Plaza, a 100% occupied 14,600 SF retail and medical strip center located on Lake Worth Road in Palm Beach County, FL.
Comprised of 7 tenants across 12 units, the plaza features a strong mix of essential service, daycare, and medical tenants with short-term, below-market leases offering clear value-add potential.
Positioned between Jog Road and Military Trail with visibility to over 45,000 vehicles per day, the property offers excellent access from both directions and prominent monument signage. The center is exceptionally well maintained with a new roof and most HVAC units recently replaced.
Ideal Value Add Center
- 73% of GLA Expires in 2026
- 27% of GLA Expires in 2027
- Below Market Rents, Short Term Leases, No Cap Ex Needed
Excellent Location
- Eastbound & Westboung Access on Lake Worth Road which sees 44.5k+ VPD
- Between Military Road (39k+ VPD) & Jog Road (50k+ VPD)
- High-Visibility Monument Signage
Exceptionaly Maintaned
- New Roof, New HVACs, Recent Parking Lot Maintenance, Security System, and 24/7 Generator
100% Occupied
- 7 Tenants Across 12 Units
- Short Term Leases
- Essential Services, Specialty Daycare, and Medical Spaces
Built-in Upside
- Below Market Rents
- Short Term WALT of <1 Year
- 3% - 5% annual Increases
Above Average Parking
- 80 Spaces - 5.3 / 1,000 RSF