deal image
5301 Lake Worth RdLake Worth , FL 33463
Worth Plaza
Asset ClassRetail
Deal Size$4.3 M
MSA: Palm Beach CountyAccess Data Room
Value-Add Strip Center
overview of deal

Overview

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.

 

Access the Data Room

Investment Highlights

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

deal gallery image
deal gallery image
deal gallery image
5301 Lake Worth RdLake Worth , FL 33463

Sales Team

1311 North Westshore Boulevard, Suite 200, Tampa, FL 33607
deal image

Inquire

Listing provided by Revere CRE