Peachtree Plaza

For Sale

5850 W Atlantic Avenue, Delray Beach, FL 33484

This Delray Beach property for sale is located at 5850 W Atlantic Avenue. The current listed sale price for Peachtree Plaza is $18,000,000. Peachtree Plaza is situated on a lot that is 8.27 acre in size.

Contacts

broker

Adam H. Klein

SVN | Commercial Partners

Property Details

  • Property Type Retail - Strip
  • Property Size 63,629 SF
  • Lot Size 8.27 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 34
  • Parking Ratio 4.25 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Date Updated Oct 19, 2024
Strategically located in the highly desirable city of Delray Beach, Florida, Peachtree Plaza at 5850 W Atlantic Avenue offers an exceptional investment opportunity. Positioned between Jog Road and S Military Trail, this retail and medical plaza benefits from its prominent frontage along Atlantic Avenue, one of the area's main east-west corridors. The Property's location ensures excellent visibility and access, with over 50,000 vehicles passing daily. Peachtree Plaza is just minutes from major transportation routes, including Interstate 95 and Florida’s Turnpike, providing seamless connectivity to surrounding cities like Boca Raton, Boynton Beach, and West Palm Beach. The Property is situated near upscale residential communities, further enhancing its appeal to local customers with high spending power. The immediate area is home to several affluent golf and country clubs, including Gleneagles, Addison Reserve, and Mizner Country Clubs, which attract a consistent flow of affluent visitors and residents. Additionally, Peachtree Plaza benefits from being surrounded by well-known national retailers such as Publix, Sprouts, Starbucks, and CVS, driving significant foot traffic to the plaza. With a strong demographic profile, including over 216,000 residents within a 5-mile radius and an average household income nearing $90,000, Peachtree Plaza is ideally positioned in one of South Florida's most sought-after markets. This prime location, combined with its proximity to major retailers and affluent neighborhoods, ensures sustained growth and a high-quality tenant base.

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Highlights

  • +/- 64,000 SF Retail/Medical Plaza on Over 8 Acres in the High-Demand Delray Beach Market
  • All leases are NNN, Protecting an Investor from Rising Operating Costs Impacting Net Operating Income
  • 800-Feet of Frontage on Atlantic Ave with 50,000 Vehicles/Day
  • Prime 1-Acre Outparcel has Potential to Generate Significant Additional Net Income via Ground Lease
  • Current Rents +/-20% Below Market w/ 42% of Tenancy Expiring by end of 2025 Providing Immediate Value-Add Potential
  • Several Affluent Country Clubs in the Area, Driving Consistent Customer Traffic with Strong Spending Power
  • Multiple Access Points and Signalized Intersection Provides Easy Access to Property

Getting around

  • 41/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Delray Beach, FL
  • Neighborhood Huntington Pointe
  • Zip Code 33484
  • Market West Palm Beach Boca Raton

Points of Interest

  • Shell

    0.85 miles

  • Speedway

    0.93 miles

  • Linton Oaks Mart

    1.42 miles

  • Murphy's Gas Station

    1.55 miles

  • Valero

    2.79 miles

  • Tesla Supercharger

    3.35 miles

  • Costco Gasoline

    3.73 miles

  • FPL EVolution

    6.74 miles

  • Pine Tree Golf Club

    4.73 miles

  • Marsh Trail parking lot

    5.59 miles

  • Lot 5

    5.61 miles

  • Aqua Lot

    5.69 miles

  • Boomer's Parking

    5.75 miles

  • Lot 46

    5.77 miles

  • Lot 45

    5.80 miles

  • Lot 12

    5.81 miles

  • Copper Lot

    5.82 miles

  • Lot 13

    5.85 miles

  • Wood & Fire

    0.67 miles

  • nana noodles and sushi bar

    0.69 miles

  • Pollo Tropical

    0.79 miles

  • Taco Bell

    0.80 miles

  • Bird Nest Tree

    0.81 miles

  • Burger King

    0.82 miles

  • Lindburgers Delray Beach

    0.84 miles

  • McDonald's

    0.87 miles

  • Philly Grill

    0.88 miles

  • Jack's Pizzeria & Italian

    0.89 miles

  • The Big Apple Shopping Bazaar

    0.64 miles

  • Sprouts Farmers Market

    0.80 miles

  • Ross

    0.90 miles

  • Mario's Market

    0.96 miles

  • Bealls

    1.02 miles

  • Publix

    1.13 miles

  • ALDI

    1.33 miles

  • Big Lots

    1.35 miles

  • Walmart Supercenter

    1.46 miles

  • Walmart Neighborhood Market

    2.56 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Adam H. Klein

SVN | Commercial Partners