Outparcel at Promenade Shopping Center

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Outparcel at Promenade Shopping Center

Address

9840 FL A1A Alt,
Palm Beach Gardens, FL 33410
(View Map)

Property Type: Land
Price: 5,250,000
Listing Status: Active

Contact Info

Morry Silverman
Direct: 561 891 0910
Morry@atlanticcg.com

Flyer

Description

This 3.9-acre parcel offers an exceptional opportunity for retail and office and retail development in a high-demand commercial corridor. Positioned as an outparcel to a 200,000 sq. ft.

Publix-anchored shopping center, the site benefits from strong built-in traffic, excellent visibility, and convenient access. Its C4 retail zoning allows for a variety of commercial uses, making it ideal for retailers, restaurants, residential, or professional services. Residential housing would have to be rezoned. Density needed would have to be approved by the city.

Location

This location is in Palm Beach Gardens, an affluent suburb of West Palm Beach known for its high average household income ($175k Avg HHI), lush landscapes, upscale shopping, and world-class golfing. 

  • It serves a densely populated area approximately 10 miles northwest of downtown West Palm Beach.
  • It is in a "highly neighborhood centric location".
  • It is approximately 1 mile east of I-95.
  • It is approximately 3 miles south of the major retail concentration on PGA Boulevard (which includes Legacy Place, Downtown at the Gardens, and The Gardens Mall).
  • It is just 1 mile north of Northlake Boulevard.
Additional Information Site Highlights Major Tenants
Rent: N/A
Min. Divisible Space: 3.9 Acres
Max. Contiguous Space: 3.9 Acres
Total SF Available: 3.9 Acres
Lot Size: 3.9 Acres
    • A mix of beautiful residential communities and vibrant commercial areas.
    • A sophisticated yet relaxed atmosphere.
    • A dynamic mix of national and local retail and dining tenants.
    • Anchored by a dominant grocer (Publix).
    • Lighted access and ample surface parking.
    • High traffic volume (30,000+ VPD). 

    Surrounding area of the Promenade Shopping Plaza in Palm Beach Gardens, Florida.

  • Publix
  • ACE Hardware
  • Planet Fitness
  • Bealls Outlet
  • Mr. Bubbles Carwash
  • McDonalds
  • Wells Fargo Bank
  • Miller Ale House
Recent News

Simon poised to rake in millions more in rent thanks to Saks Global closures

Saks Global's Chapter 11 bankruptcy filing has proven beneficial for Simon Property Group, which saw 1 million square feet of space vacated—almost entirely from Saks Off 5th closures—yet maintained occupancy levels equal to the end of Q1 as new tenants filled the space at higher rents. While Saks Off 5th had been paying $18 million in annual rent before ceasing payments after bankruptcy, Simon Property is confident new tenants will pay significantly higher rent, with initial base rent from new leases up 17% year-over-year through Q2 2026. Simon Property expects to collect $30 million in rent from new tenants filling just half of the closed Saks Off 5th stores in its portfolio, compared to the $18 million Saks Off 5th was previously paying. The landlord's $100 million investment in Saks Global's merger with Neiman Marcus gave Simon strategic leverage to exit or renegotiate unfavorable lease terms.

Numerator: Inflation cools, consumers still worried

In Numerator's July 2026 Economic Sentiment Tracker of over 2,000 U.S. consumers, 39% identified rising prices as their top concern for the coming year, nearly matching the record high reached in May 2026. Prices for everyday household goods decelerated in July 2026, decreasing by 0.4% after a 0.7% increase in June, with prices up just 2.6% over the past 12 months as annual inflation cooled following three consecutive months of acceleration. Low-income and Gen Z consumers continue to experience higher levels of inflation for everyday household goods, as prices have increased 35.1% and 39.0%, respectively, for those groups since January 2018 versus the 33.2% national average. Quick-service restaurant prices have increased 53.9% since January 2018, well above the 33.2% rise across the overall consumer basket, and consumers are adapting by trading down what they buy and where they shop.

Digital Brands Group enacts reverse stock split, gas prices up again

Digital Brands Group Inc. (NASDAQ: DBGI) announced a 1-for-40 reverse stock split of its common stock, effective July 24, 2026, at 12:01 a.m. Eastern Time, designed to raise the closing bid price of the company's stock above the $1.00 mark required for continued Nasdaq listing compliance. The stock currently trades at $0.64, down 93.56% over the past year, highlighting the urgency of the compliance measure. The reverse stock split will reduce outstanding common stock from approximately 23 million shares to approximately 575,000 shares, with every 40 shares of common stock automatically reclassified into one new share. In response to shareholder concerns, Digital Brands Group canceled 7.1 million pre-funded warrants and saw the expiration of 9.6 million cash warrants, eliminating a total of 16.7 million warrants.