4529 W Hillsboro Blvd - Drug Store FOR SALE


Coconut Creek, FL 33073
$5,562,000 USD
516-428-6050
4529 W Hillsboro Blvd, Coconut Creek, FL for Sale
$5,562,000 USD
Drug Store - FOR SALE
1/8
null | 6% Cap Rate

4529 W Hillsboro Blvd
Coconut Creek, FL 33073


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Coconut Creek (FTL MSA), FL (the “Property”), a freestanding ±14,478 SF retail building sited on 2.14 acres, located at a signalized corner (84.5K+ VPD) and shadow anchored by The Marketplace at Hillsboro—a 110K+ SF grocery anchored shopping center. This Walgreens offering benefits from ±12.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven operator’s commitment to the location. The Property is available as part of a portfolio of Walgreens assets (available together or separately), presenting a unique opportunity for an astute investor to acquire strategically distributed real estate in Florida (or to hand pick their desired location for an individual acquisition), that includes properties with long-term stability, stable cash flow and excellent underlying real estate fundamentals. Strong Operating History - Walgreens has operated at this location for 20+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease with zero landlord responsibilities, the Property features 5% rental increases every five years, delivering truly passive income and built-in inflation protection Robust RE Fundamentals - Strategically positioned at the signalized intersection of W Hillsboro Blvd & Lyons Road (84,500+ VPD), this 2+ Acre site benefits from strong visibility within an established retail corridor Adjacent Market Drivers - Shadow-anchored by the The Marketplace at Hillsboro, a 110K+ SF Key Food–anchored shopping center and located caddy-corner to West Creek Commons, a 100K+ SF Publix–anchored center

FOR SALE DETAILS

PRICE

$5,562,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

CROSS STREETS

Lyons Rd.

LAND ACRES

2.14 AC

LAND SF

93,127 SF

ZONING

PCD

APN/PARCEL ID

48-42-05-13-0021

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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