Location Summary

• Palm Beach County is the third largest county in the state of Florida and one of the largest in the United States. It has a combination of suburban communities and busy metro areas. Its economy is focused on luxury tourism, technological manufacturing, and agriculture. The Professional Golfers Association of America is located here and there are 160 world class golf courses in the county including PGA National in Palm Beach Gardens. Additionally, nearby, there is a Roger Dean Stadium where the Florida Marlins and St. Louis Cardinals have spring training. Scripps Florida Research Institute and Max Planck have also chosen to locate in Palm Beach Gardens as well as a campus of Florida State College According to PBGFlorida.com, “ Palm Beach Gardens, FL, is a Signature City which celebrates quality of life by fostering an environment of excellence. With over 30% of land mass dedicated to green space, ,recreation programs tailored for residents of all ages, an award-winning Art in Public Places program and a pro-active business climate that embraces innovation...” Shoppes in the Gardens tenants benefit from the excellent workforce which has been attracted to the beautiful lifestyle in Palm Beach Gardens.
• Shoppes in the Gardens is an incredible opportunity to acquire a prime retail plaza at a decent cap rate in one of Palm Beach County's hottest retail corridors. The 34,770 square foot mixed use shopping plaza adjacent to the Wells Fargo Center on the NE corner of PGA Blvd and Military Trail in Palm Beach Gardens, Florida. Located in the busy shopping area of Midtown with the new Earthfare market, Garden Square Shoppes, and PGA Commons,Shoppes in the Gardens has an excellent mix of Office and Retail tenants. As a result the asset has enjoyed strong historical occupancy at or close to 100%. Anchored by Dunkin Donuts, RE/Max Alliance Realty, and Crossroads Market & Deli, this Center is very convenient for a diverse and healthy group of Tenants and customers. On 2.51 acres and with 179 parking spaces it has a wonderful old Florida feel with ample parking. Close to I-95, Shoppes in the Gardens not only has great convenience but also has good vehicular exposure ranging from 35,000 at N Military Trail and PGA Blvd N to 50,162 at PGA Blvd and W Garden Square Blvd. Additionally, a new TriRail Station for Palm Beach Gardens is being planned for close by at Alt. Over the past 4 years Shoppes in the Gardens has benefited from over $800,000.00 of capital & tenant improvements, including but not limited to: HVAC system replacements, new paint for the building exterior and common areas, stripe and seal parking lot, electrical upgrades, new roof, elevator upgrades, and common area bathroom upgrades. A spreadsheet outlining the capital improvements can be found in the additional information section. Shoppes in the Gardens can be purchased as a single asset or can be purchased in portfolio fashion with Sunny Plaza, a 33,517 square foot retail plaza located near the NW corner of Northlake Blvd and Military Trail. The properties have great leasing synergy as they're approximately 1 mile apart on Military Trail.