515 S Dixie Highway
515 S Dixie Highway, West Palm Bch, Florida 33401
$4,250,000
$773 / sq ft 2.14% cap rate Listed Apr 14, 2026
5,500 sqft
Building
11,731 sqft
Lot
1965
Built
1
Stories
1
Units
Class C
Class
About this property
515 S Dixie Highway is a retail for sale in West Palm Bch, Florida, listed at $4,250,000. Key details: year built 1965, building size 5,500 sqft, lot size 11,731 sqft, stories 1. Listed by Adriano Salucci of APEX Capital Realty LLC on LoopingCloud and last updated April 14, 2026.
APEX Capital Realty presents 515 S Dixie Highway, a rare opportunity to acquire a corporate-backed, single-tenant NNN investment in the heart of Downtown West Palm Beach. The property consists of approximately 5,500 square feet of building area situated on an 11,731 square foot lot (±0.27 acres) along the highly trafficked US-1 corridor, offering exceptional visibility and accessibility.
The asset is leased to Goodyear, a globally recognized, investment-grade tenant, under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities. The lease commenced in 2022 with an initial 15-year term, complemented by six 5-year renewal options and 10% rent escalations every five years, ensuring predictable income growth and long-term stability.
Strategically positioned in an urban infill location, the property benefits from proximity to major demand drivers including Downtown West Palm Beach, Clematis Street, The Square, and Palm Beach Island. Its central location also provides immediate access to key transportation routes such as Okeechobee Boulevard and I-95, further enhancing its long-term investment appeal.
With a 25-year potential lease horizon, built-in rental escalations, and a strong corporate tenant, this asset represents an ideal opportunity for investors seeking stable, hands-off income in one of South Florida’s most dynamic and supply-constrained markets.
Key highlights
- LEASE TYPE Absolute NNN
- NOI $90,750.00
- LEASE TERM 15 years (commencement 2022)
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Year Built
- 1965
- Building Size
- 5,500 sqft
- Lot Size
- 11,731 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class C
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $90,750
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
2.14%
Cap rate
$90,750
Net operating income
$773
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2022 | - | - | - | $90,750 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $4,250,000 | 2.14% | - | - | - |
Features and amenities
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 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
- LEASE TERM 15 years (commencement 2022)
Location
Address as shown by the lister.
Get directionsAbout this area - West Palm Beach
- Population
- 20,510
- Housing units
- 11,310
- Land area
- 5.2 sq mi
- County
- Palm Beach
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadLinks
1 linkFrequently asked questions
What is the asking price of 515 S Dixie Highway?
515 S Dixie Highway is listed at $4,250,000. That works out to about $773 per square foot. The stated cap rate is 2.14%.
Where is 515 S Dixie Highway located?
The property is in 515 S Dixie Highway, West Palm Bch, Florida 33401, Palm Beach County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 5,500 sqft. The lot is 11,731 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Adriano Salucci of APEX Capital Realty LLC listed this property. Use the Request Info button to send a message or call (305) 570-2600.
When was this listing published?
It was published on April 14, 2026 and last updated on April 14, 2026.
Listing information
- Listing ID
- CL-Florida-27564
- Published
- Apr 14, 2026
- Last updated
- Apr 14, 2026
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