TBC Corporate Headquarters Listing Details & Market Data

4260 Design Center Dr, Palm Beach Gardens, FL 33410

  • For Sale $28,500,000
  • Property Type Office - General Office
  • Property Size 61,000 SF
  • Units 1
  • Lot Size 0.63 Acre
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2020
  • Date Updated Mar 28, 2024
TBC Corporate Office enjoys a strategic location along PGA Boulevard in Palm Beach Gardens, offering unparalleled connectivity, and immediate proximity to Interstate 95 and Florida's Turnpike, providing excellent access. The property is directly across from the Gardens Mall, a major regional enclosed mall hosting high-end retail tenants, and is within walking distance of the recently renovated Downtown Palm Beach Gardens, a mixed-use community that features restaurants, high-end loft-style condominiums, and a combination of national and local retailers.KD Commercial Real Estate, LLC is proud to introduce TBC Corporate Office, a generational investment opportunity. 4260 Design Center Drive is a newly developed four-story Class A office building, fully leased to TBC Corporation, a prominent player in the automotive tire market. Situated within the thriving PGA Station Corporate Campus in Palm Beach Gardens, this 61,000 SF property is part of a four building corporate campus in the park for TBC Corporation. Their decision to relocate the entirety of their staff, including C-Suite, from Juno Beach to this build-to-suit location underscores their strong commitment to this facility. This investment opportunity features brand-new construction and a ten-year net lease (six+ years remaining), inclusive of a tenant-funded reserve for roof replacement and exterior painting, with zero landlord responsibilities, plus assumable debt at a significantly below market rate. These benefits effectively minimize ownership costs and financial exposure. In collaboration with Catalfumo Development Corporation, Quest Contracting, and GCP Architecture, this property provides market leading design, functionality, and security. Situated within the 30-acre master-planned PGA Station Corporate Campus, the property enjoys strategic visibility, bound by Interstate-95 and PGA Boulevard, and offers over 635,000 square feet of office space. Nearby amenities, including hotels and restaurants, continue to flourish as Palm Beach Gardens experiences rapid residential growth. The property also provides seamless access to Palm Beach International Airport and is primed to benefit from the forthcoming development of a new TriRail Coastal Link, expanding transportation options to West Palm Beach, Fort Lauderdale, and Miami. This investment opportunity features brand-new construction and a ten-year net lease (six+ years remaining), inclusive of a tenant-funded reserve for roof replacement and exterior painting. This lease structure effectively minimizes ownership costs and financial exposure. In collaboration with Catalfumo Development Corporation, Quest Contracting, and GCP Architecture, this property provides market leading design, functionality, and security. Situated within the 30-acre master-planned PGA Station Corporate Campus, the property enjoys strategic visibility, bound by Interstate-95 and PGA Boulevard, and offers over 635,000 square feet of office space. Nearby amenities, including hotels and restaurants, continue to flourish as Palm Beach Gardens experiences rapid residential growth. The property also provides seamless access to Palm Beach International Airport and is primed to benefit from the forthcoming development of a new TriRail Coastal Link, expanding transportation options to West Palm Beach, Fort Lauderdale, and Miami.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Prime Class A Construction: Built in 2020, this Class A property is a generational asset. Its superior quality and design, combined with a long-term net lease to a strong credit tenant, with an assumable $14 million non-recourse loan, make this a once in a lifetime investement opportunity.
  • Assumable Bank Loan: The property's loan is fully assumable, with a 0.5% assumption fee, offering new ownership the opportunity to eliminate financing risk and immediately begin earning secure annual cash flow.
  • Below Market Rent: At $23.70 per square foot, the current rent is more than 55.3% below market asking rates, providing long term potential for increased returns.
  • Zero Operational Costs: With a true net lease structure, there is absolutely no exposure to the landlord for operational costs or responsibilities. The tenant takes care of all expenses directly.
  • Investment-Grade Credit: TBC's parent companies, Sumitomo (S&P: A-) and Michelin (S&P: A-), offer investment-grade credit, adding to the property's appeal and financial security.
  • TBC Corporation Lease Guarantee: TBC Corp. guarantees the lease, further strengthening the the investment.
  • Established HQ Campus: TBC occupies space in four buildings within PGA Station, solidifying their headquarters campus in the area.
  • Tenant Commitment: TBC Corp. invested over $3 million in their own interior office build-out, illustrating their long-term commitment to this property.
  • Secure Lease Terms: The property features a 10-year lease with 6+ years remaining, plus two renewal options, and no termination options, providing stability and consistent cash flows.
  • Superior Risk-Reward Profile: This investment opportunity offers a superior risk-reward profile when compared to competitive absolute net-leased alternatives.
  • Proximity to Future Tri-Rail Station: Situated less than 100 yards from a future Tri-Rail train station, the property is well-positioned to benefit from expanding transportation options.

Contacts

broker

Ryan R. Dinsdale

KD Commercial Real Estate

(561) 408-8100

Location

Getting Around

  • Walk Score ®

    Car-Dependent (42)
  • Bike Score ®

    Bikeable (52)
Powered by Walk Score ®
  • City Palm Beach Gardens, FL
  • Neighborhood Northcorp Center
  • Zip Code 33410
  • Market West Palm Beach Boca Raton

Points of Interest

  • Mangonia Park

    5.87 miles

  • West Palm Beach

    9.16 miles

  • West Palm Beach

    9.31 miles

  • PGA Shell

    0.16 miles

  • Mobil

    1.53 miles

  • Sunoco

    1.76 miles

  • Speedway

    2.57 miles

  • Marathon

    2.67 miles

  • Sunoco

    2.92 miles

  • 7-Eleven

    3.66 miles

  • Chevron

    3.99 miles

  • Shell

    3.99 miles

  • RaceTrac

    3.99 miles

  • The Gardens Mall

    0.68 miles

  • The Gardens Mall

    0.86 miles

  • Blue Lot

    0.99 miles

  • Aqua Lot

    1.11 miles

  • Seminole Golf Club

    3.29 miles

  • Lot 77

    3.35 miles

  • John D MacArthur Beach State Park

    3.46 miles

  • Lot 70

    3.48 miles

  • Bluffs Square Shoppes

    4.29 miles

  • Beach Parking

    4.48 miles

  • Moe's Southwest Grill

    0.41 miles

  • Sal's Pizza

    0.42 miles

  • Newk’s Eatery

    0.43 miles

  • Yard House

    0.48 miles

  • Avocado Grill

    0.48 miles

  • Whole Foods Market

    0.49 miles

  • Five Guys

    0.49 miles

  • Fro-Yotopia

    0.50 miles

  • Grimaldi'd Brick Oven-Pizzeria

    0.57 miles

  • Texas de Brazil

    0.60 miles

  • Saint Clares

    0.51 miles

  • Palm Beach Community College at Palm Beach Gardens Center for Early Learning

    0.81 miles

  • Greenacres Country Day School

    0.94 miles

  • Palm Beach State College at Palm Beach Gardens

    1.06 miles

  • Palm Beach Gardens High School

    1.17 miles

  • Watson B Duncan Middle School

    1.20 miles

  • Palm Beach Gardens Elementary School

    1.31 miles

  • Timber Trace Elementary School

    1.38 miles

  • North Transition Elementary School

    1.40 miles

  • Dwight D Eisenhower Elementary School

    1.44 miles

Contact Listing Broker

broker

Ryan R. Dinsdale

KD Commercial Real Estate

(561) 408-8100