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Walgreens | Trophy Publix OP | Delray Beach 6458 Linton Blvd 15,128 SF Retail Building Delray Beach, FL 33484 $6,177,606 CAD ($408.36 CAD/SF) 6.25% Cap Rate

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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

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this trophy Walgreens in Delray Beach, FL. Walgreens recently renewed their lease for 10 years and has operated at this location since 1999.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

15,128 SF

Building Class

Year Built

1999

Price

$6,177,606 CAD

Price Per SF

$408.36 CAD

Cap Rate

6.25%

NOI

$386,100 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

2.03 AC

Zoning

MUPD, Delray Beach

Parking

73 Spaces (4.83 Spaces per 1,000 SF Leased)

Frontage

133’ on Jog Rd

Dedicated Turn Lane

Pylon Sign

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
-
-
Oct 2059

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.