Pending

Walgreens Anchored Retail Center in West Palm Beach, FL

15940 Orange Blvd Loxahatchee, FL, 33470

$12825000 /$250,000

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Pending

Walgreens Anchored Retail Center in West Palm Beach, FL

15940 Orange Blvd Loxahatchee, FL, 33470

$12825000 /$250,000

6.00% Beds
12.1
$769,333
  • 2 Parcel Property anchored by Walgreens
  • Center is 100% occupied by Walgreens, Walgreens Wine, Beer & Spirits, Papa John’s, GreatFlorida Insurance, All Yours Hair & Nail Salon
  • Affluent area: Avg HH incomes are $112,281 within 1 mile of the subject properties
  • Walgreens reported sales are over $4M!
  • Situated on signalized, hard corner
  • Seminole Walgreens Anchored Retail Center in West Palm Beach, FL Orange Plaza includes McDonald’s & AutoZone in addition to the subject properties’ tenants

This is an excellent opportunity for an investor to purchase a two parcel retail center anchored by Walgreens. Walgreens represents 84% of the total NOI and has over 12 years remaining on the initial lease term. The retail pad is located on the southeast corner of Orange Blvd and Seminole Pratt Whitney Rd in an affluent area of Loxahatchee (West Palm Beach), FL. The properties were built in 2010, and are within the Seminole Orange Plaza shopping center, directly across from a Publix anchored center (The Acreage), which includes over 85,000 sq ft of retail space. In addition to the Walgreens, the second parcel is 100% occupied by Walgreens Wine, Beer & Spirits, Papa John’s, a local insurance company and local hair and nail salon.

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