11701 Us Highway, North Palm Beach, FL 33408

This 20,008-square-foot retail strip center sits on 2.42 acres along US Highway 1 in North Palm Beach, fully leased to a mix of national and regional tenants under triple-net lease structures. The property, built in 2000, generates passive income with institutional-grade tenancy and strong visibility on one of Palm Beach County's primary north-south commercial corridors.

This 20,008-square-foot retail strip center sits on 2.42 acres along US Highway 1 in North Palm Beach, fully leased to a mix of national and regional tenants under triple-net lease structures. The property, built in 2000, generates passive income with institutional-grade tenancy and strong visibility on one of Palm Beach County's primary north-south commercial corridors.

Tenant Mix & Lease Structure

The center is 100% occupied with tenants including Waterfront Properties, City Mattress, and Third Federal. All leases are structured as NNN, placing maintenance, insurance, and tax obligations on the tenants rather than ownership. This configuration delivers predictable cash flow with minimal landlord management responsibility.

Site & Location

The 2.42-acre parcel provides ample parking and frontage along US Highway 1, the primary commercial artery connecting Jupiter to West Palm Beach. North Palm Beach sits between the Town of Palm Beach and Jupiter, benefiting from consistent traffic counts generated by both residential density and seasonal population. Palm Beach International Airport is approximately 20 minutes south via I-95 or US-1.

US-1 retail parcels of this size in North Palm Beach rarely trade. The corridor has seen tightening vacancy over the past several years as residential development in the surrounding municipalities, including the redevelopment of the former North Palm Beach Country Club, has increased local consumer demand. Fire sprinkler systems are installed throughout the building, and the property is served by central air conditioning and heating.

Key Features

• 20,008 square feet of retail space on 2.42 acres
• 100% leased with NNN lease structures
• Tenants include Waterfront Properties, City Mattress, and Third Federal
• US Highway 1 frontage with high traffic visibility
• Built in 2000 with fire sprinkler system throughout
• Passive income profile with tenant-responsible operating expenses