11079 S Military Trl - Drug Store FOR SALE


Boynton Beach, FL 33436- Indian Spring
$3,625,000 USD
858-382-2613
11079 S Military Trl, Boynton Beach, FL for Sale
$3,625,000 USD
Drug Store - FOR SALE
1/4
null | 5.88% Cap Rate

11079 S Military Trl
Boynton Beach, FL 33436
Indian Spring


HIGHLIGHTS

  • Current rent is below the national average for Walgreens
  • Corporate Lease Guaranty
  • Located in an affluent community within prestigious Palm Beach County
  • Strong traffic counts (+58k vehicles per day) at hard corner signalized intersection of Military Trail & Woolbright Rd

OVERVIEW

CIRE Partners, in cooperation with Continental Real Estate Group, is pleased to present for sale the single tenant net lease Walgreens in Boynton Beach, Florida. The Tenant has nearly 30 years of operational history at this site and has approximately ±1.5 years remaining on its lease term with eight, 5-year renewal options. The investment offers qualified buyers a well-located asset in a premier Atlantic coast community with a below market rent, oversized lot and upside potential for future redevelopment. This is an ideal opportunity to acquire a NNN investment backed by corporate lease from a nationally recognized drug-store brand.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,765 SF

ZONING

CC

APN/PARCEL ID

00-42-45-35-00-000-1020

ASK ABOUT THIS PROPERTY

Jimmy GeeCIRE PartnersMore Info
858-382-2613

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Jimmy GeeCIRE PartnersMore Info
858-382-2613

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.