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Walgreens: West Palm Beach, FL 4509 Summit Blvd 14,971 SF Retail Building West Palm Beach, FL 33415 $5,200,000 ($347.34/SF) 6.82% Cap Rate
Investment Highlights
- 6.5 MSF of retail, 1.7 MSF of office, 3.8 MSF of industrial and 19,002 multifamily units within a 3-mile radius
- Population of 151,449 and an average annual household income of $90,416 within a 3-mile radius
Executive Summary
The 15,034-square-foot building sits on 1.79 acres and is leased to Walgreen Co. through February 2031 with six, 5-year renewal options that are automatically renewed. Walgreens' original 20-year term was set to expire in 2019 but the lease was extended through 2031 and now has approximately 4.8 years of term remaining.
As a leading retailer and one of the largest purchasers of prescription drugs in the world, Walgreens is consistently among the largest U.S. companies by revenue and ranks #26 on the 2025 Fortune 500 list. In September 2025, Walgreens was taken private by Sycamore Partners, a private equity firm specializing in consumer and retail-related investments.
Property Facts
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
- -
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$9.99
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Lorem Ipsum
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Jan 0000
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $3,745,047 |
Property Taxes
Contacts
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Christopher Bosworth -
Reg Kobzi -
Thomas Carr -
Brian Pfohl -
Abby Kelly -
Katie Goldberg -
Leah Lindell -
Mark Drazek -
CBRE, Inc.
