Grove Centre 21301 Powerline Rd Bureau 5 733 m² 88 % Loué À vendre Boca Raton, FL 33433

21301 Powerline Road is a 61,531-square-foot mixed-use property located along the heavily traveled Powerline Road corridor in the heart of Boca Raton, Florida.

Located in one of South Florida's most affluent and fast-growing communities, Grove Centre is currently 80.5% leased to a well-balanced mix of national and regional tenants. Notably, approximately 38% of the property is leased to independent medical practices, offering durable, recession-resistant income and generating steady daily foot traffic from healthcare-related visitors.

Grove Centre enjoys excellent visibility and direct access to major employment hubs, top-rated schools, and medical facilities. It also benefits from a substantial daytime population and proximity to high-income residential neighborhoods, where the average household income within a 5-mile radius exceeds $150,000. This supports consistent demand across retail, medical, and office uses.

This property offers investors an attractive opportunity to acquire a well-located, income-producing asset in a supply-constrained submarket with high barriers to entry. Grove Centre's necessity-based tenant mix and stable occupancy levels position it well for continued strong performance and long-term value growth.

Grove Centre is part of the "Powerline Portfolio," a curated group of four premier mixed-use assets in Boca Raton totaling 510,155 rentable square feet. The portfolio includes:

Grove Centre at Powerline Road & Boca Grove Boulevard
Fountains Center at Powerline Road & W Camino Real
The Boardwalk at Powerline Road & SW 18th Street
City National Bank Plaza at Powerline Road & W Palmetto Park Road

All assets within the Powerline Portfolio are currently available for sale.

Call for Offers — June 13, 2025.