Walgreens - Ground Lease Outparcel Building 6558 Lantana Rd 14,629 SF Retail Building Lake Worth, FL 33467 $3,500,000 ($239.25/SF) 5.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Ground Lease
- Long-Term Tenancy & Established Store With Sales Exceeding National Average
- Strong Demographics
- Signalized Corner Location with Excellent Visibility & Access
- Dense Retail Trade Area
- Large Site with Drive-Thru Pharmacy & Ample Parking
EXECUTIVE SUMMARY
This offering consists of a free-standing Walgreens drugstore that has been operating at this location for over 20 years. The property provides a ground lease with no Landlord responsibilities.
This Walgreens is located on an outparcel to a very busy shopping center anchored by Walmart Neighborhood Market with other national retailers at this intersection including Ross Dress for Less, HomeGoods, TJ Maxx, Five Below, Publix Supermarket, Home Depot and Dollar Tree.
This investment property offers a long-term stable investment property with absolutely no Landlord responsibilities.
This Walgreens is located on an outparcel to a very busy shopping center anchored by Walmart Neighborhood Market with other national retailers at this intersection including Ross Dress for Less, HomeGoods, TJ Maxx, Five Below, Publix Supermarket, Home Depot and Dollar Tree.
This investment property offers a long-term stable investment property with absolutely no Landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,629 SF
Building Class
B
Year Built
2007
Price
$3,500,000
Price Per SF
$239.25
Cap Rate
5.71%
NOI
$199,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.75 AC
Zoning
CGSE
Parking
68 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
109’ on Lantana Rd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00-42-44-39-04-001-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,537,766 |
