Lemon Tree Plaza

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Lemon Tree Plaza

Address

1048 S. Military Trl
West Palm Beach, FL 33415
United States
(View Map)

Property Type: Retail
Listing Status: Active

Contact Info

Gary Broidis
Direct: 561-703-9298
Gary@atlanticcg.com

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Description

Lemon Tree Plaza offers a diverse group of tenants including a well-known Animal Hospital and Veterinary Office along with numerous restaurants, an insurance agency, an auto repair facility and other tenants serving the surrounding communities. Additionally, many of the current tenants have been in occupancy for over ten years providing a stable tenancy and cash flow at this property.

Due to a high number of tenants currently occupying their premises at below market rental rates, this property offering provides great upside potential to increase the rent roll and cash flow at the property. Additionally, almost 50% of the tenants do not have any options to renew further creating an opportunity for new ownership to negotiate new lease agreements at higher rental rates and more favorable terms over the next 12-18 months and beyond.

Location

Located at the southeast corner of Summit Blvd. and Military Trail in West Palm Beach at a signalized intersection. Summit Blvd. is a major east-west corridor serving the West Palm Beach market area as well as Military Trail being a major north-south artery. This location enjoys great visibility with traffic volume of 44,000 cars per day on Summit Blvd and over 22,500 cars per day on Military Trail. There are three large free-standing signs on the property that provide for 13 tenants on the Military Trail sign with additional pylon signs for the outparcel building on the corner, as well as another pylon sign on Summit Blvd. for the Latin Restaurant.

Additional Information Site Highlights Major Tenants
County: Palm Beach
GLA: 25,277 SF
Operating Expenses: $239,131
Occupancy: 93.81%
Year Built: 1960
Lot Size: 1.86 AC
Number of Tenants: 20

  • Prime Corner Location

  • Value Add Opportunity

  • Additional Income Potential

  • Diverse Tenants

Summit Animal Hospital

Recent News

Eddie Bauer files for bankruptcy, begins winding down all stores in the US and Canada

Eddie Bauer LLC, the entity responsible for operating the brand's brick-and-mortar footprint in North America, filed for Chapter 11 bankruptcy protection on February 9, 2026, in the U.S. Bankruptcy Court for the District of New Jersey, marking the end of the brand's century-long presence as a major physical retailer. Going-out-of-business sales have already begun across all 175 locations, which are set to close by April 30 unless a buyer emerges, with the brick-and-mortar operations carrying liabilities of more than $1 billion against assets of just $100 million to $500 million. The filing cites declining sales, supply chain challenges, ongoing inflation, and tariff uncertainty as key drivers, while the brand's e-commerce and wholesale operations — now managed by a separate entity called Outdoor 5 LLC — remain unaffected.  The bankruptcy marks the third filing for the storied brand, which was founded in Seattle in 1920, and follows a string of high-profile retail collapses in early 2026 including Saks Global and Francesca's. 

Francesca’s files for bankruptcy; closing all stores

After 25 years of operations, Houston-based women's clothing and accessories chain Francesca's filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey, with plans to close all approximately 400 stores across 45 states and liquidate. The filing came after a convergence of factors including a 2023 data breach, failed investments in non-core brands, supply chain disruptions after two major suppliers lost their own funding, and the failure of an anticipated capital infusion in December 2025. The company carries about $30.1 million in secured debt, with between $10 million and $50 million in consolidated assets and approximately 1,000 to 5,000 creditors, including landlords Simon Property Group and Tanger Properties listed among its top 30 unsecured creditors. This marks the second bankruptcy filing in six years for Francesca's, which was previously sold out of bankruptcy in January 2021 to an affiliate of private equity firm TerraMar Capital for $18 million.

What to watch in retail in 2026

Retail industry trends for 2026 include continued AI adoption for product research and customer service, value-seeking consumers driving traffic to discount retailers, and shopping malls experiencing a rebound with renewed investment in mixed-use projects. Mall foot traffic increased in 2025, with indoor malls seeing a 1.8% rise in visits and visit durations up 3.3% compared to the first half of 2024, as traditional retail shopping centers transform into destinations for entertainment and experiences. Industry executives remain optimistic, with 96% expecting revenue growth and 81% anticipating margin expansion in 2026, despite challenges including weakened consumer buying power, high interest rates, and competition from mass merchants and value retailers. Specialty retailers face particular vulnerability in 2026 as high interest rates, shifts toward online shopping, and aggressive competition from mass merchants are predicted to push overleveraged companies into bankruptcy.