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Walgreens 12475 Northlake Blvd 15,161 SF Retail Building West Palm Beach, FL 33412 $15,202,448 CAD ($1,002.73 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Brand new 2026 construction | Prototype Walgreens with modern design and construction standards
- Positioned within Avenir Master Plan | Located at the entrance to the 4,700+ acre Avenir master-planned community
- Dominant daily-needs retail corridor | Outparcel to the newly developed Avenir Town Center | 200K SF retail center anchored by Publix
- Absolute net lease | Zero landlord responsibilities
- Strategic Northlake Blvd frontage | Excellent visibility and accessibility along one of the area’s primary east-west commuter corridors | 35,500 VPD
- High-Income consumer base | Dense concentration of affluent full-time and seasonal residents | $175,920 average household income within 3-miles
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Walgreens in Palm Beach Gardens, FL. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,161 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$15,202,448 CAD
Price Per SF
$1,002.73 CAD
Cap Rate
5.65%
NOI
$858,974 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.52 AC
Zoning
Commercial
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 52-41-41-28-01-001-0305 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,864,804 CAD |
Property Taxes
Parcel Number
52-41-41-28-01-001-0305
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,864,804 CAD
Contacts
-
Al Dickens -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Walgreens | 12475 Northlake Blvd
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