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Walgreens | Trophy Publix OP | Delray Beach 6458 Linton Blvd 15,128 SF Retail Building Delray Beach, FL 33484 $4,480,000 ($296.14/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to own a trophy asset in the Miami MSA with 68,000 VPD, 67,650 population and $139,000 AHHI in 3 miles
- Walgreens extended their lease for 10 years in 2024 demonstrating long-term commitment to this site
- Fee simple ownership of the building allows for depreciation boosting after tax returns
- High-profile signalized corner location in front of high-volume Publix
- Tenant is responsible for maintaining the entire parcel creating passive ownership and stable cash flow
- $18.50/SF rent is considered below market providing additional security and future upside potential
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Oct 2059
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Oct 2059 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00-42-46-27-21-002-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,612,293 |
PROPERTY TAXES
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Walgreens | Trophy Publix OP | Delray Beach | 6458 Linton Blvd
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