500 NE Spanish River Blvd

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500 NE Spanish River Blvd

boca-raton, FL 33431
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

500 NE Spanish River Blvd is located in the northeast section of Boca Raton, situated just west of the Intracoastal Waterway and the Atlantic Ocean. The property sits within a high-traffic corridor characterized by professional offices, luxury residential developments, and established shopping centers. It offers immediate access to Federal Highway (US-1) and is approximately three miles from the I-95 interchange, facilitating regional connectivity. Nearby amenities include Spanish River Park, Florida Atlantic University, and a variety of regional retail hubs. The property is suited for destination retail, luxury boutiques, or service-oriented storefronts that benefit from the area’s affluent demographic profile. Given its proximity to dense residential neighborhoods and professional hubs, the building supports a diverse tenant mix, including specialized fitness studios, upscale salons, or boutique medical practices. Typical tenants at this location seek visibility within a well-traversed coastal community while catering to a local customer base composed of both year-round residents and seasonal visitors.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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