Drugstore For Sale • 15,128 SF
| 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 |
| High-profile signalized corner location in front of high-volume Publix |
| Walgreens extended their lease for 10 years in 2024 demonstrating long-term commitment to this site |
| Tenant is responsible for maintaining the entire parcel creating passive ownership and stable cash flow |
| Fee simple ownership of the building allows for depreciation boosting after tax returns |
| $18.50/SF rent is considered below market providing additional security and future upside potential |
| Cap Rate: | 6.25 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Walgreens | 10/31/2059 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Delray Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 9 min | - | 4.6 mi |
| Boca Raton (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 13 min | - | 6.1 mi |
| Airport | Drive | Walk | Distance |
| Palm Beach International | 33 min | - | 23.1 mi |
| Fort Lauderdale/Hollywood International | 44 min | - | 32.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 73 |
| Type: | Surface |
| Included in Rent: | Yes |