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6458 Linton Blvd
Delray Beach, FL 33484 Outer Delray Beach

$4,480,000 USD

Drugstore For Sale  •  15,128 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 15,128 SF
  • Lot Size 2.03 AC
  • Building Class C
  • Year Built 1999
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning MUPD, Delray Beach
0 Transit Score
38 Walk Score

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
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 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 10/31/2059

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
Palm Beach International 33 min - 23.1 mi
Fort Lauderdale/Hollywood International 44 min - 32.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 73
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners