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    Free-Standing Walgreens in Lake Worth Title is generated by Realmo AI

    6558 Lantana Rd, Lake Worth, FL

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    Operating Walgreens drugstore with triple-net ground lease.

    Type:RETAIL
    Property size:
    14,629 SF
    Lot size:
    1.76 Acres
    Price / SF:
    $239/SF
    Added:
    Apr 17, 2025
    Days on Market:
    419
    Last Refresh:
    May 19 at 10:59 pm

    Property Features for 6558 Lantana Rd

    General Information

    Standard status
    Active
    Size
    14,629 SF
    Lot size
    1.76 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Gary M. Broidis
    Gary M. Broidis

    Listing agent Gary M. Broidis License #3005439

    Listing office Atlantic Commercial Group, Inc

    Listing date Apr 17, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Commercial Group, Inc

    HighLights

    • Free‑standing Walgreens drugstore
    • Operating at the same location for over 20 years
    • Triple‑net ground lease
    • No Landlord responsibilities

    Overview

    This offering features a free-standing Walgreens drugstore, which has been operating at its current location for over 20 years. The property encompasses 14,629 square feet. The lease is structured as a triple-net ground lease, assigning all responsibilities to the tenant.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $403.8k $27.60
    − Vacancy −$28.3k −$1.93
    EGI $375.5k $25.67
    − OpEx −$93.9k −$6.42
    NOI $281.6k $19.25
    14,629 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $4.02M
    $3.52M – $4.69M (±1% cap)
    NOI $281,623 @ 7.0% cap · market cap 8.05%
    Second Best
    Retail
    $3.53M
    $3.09M – $4.12M (±1% cap)
    NOI $247,365 @ 7.0% cap · market cap 7.07%
    Theoretical Best
    Office A
    $10.30M
    $9.01M – $12.02M (±1% cap)
    NOI $721,179 @ 7.0% cap · market cap 20.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mrugesh Desai, RPH Pharmacy Donna Piltch, RPH Pharmacy Anthony M. Contento, ... Pharmacy FedEx OnSite Postal Service Walgreens Pharmacy Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mrugesh Desai, RPH — 6558 Lantana Rd, Lake Worth, FL 33467, United States
    • Anthony M. Contento, RPH — 6558 Lantana Rd, Lake Worth, FL 33467, United States
    • Walmart Pharmacy — 6177 Jog Rd, Lake Worth Beach, FL 33467
    • Trevaughne Hylton — 6177 Jog Rd, Lake Worth Beach, FL 334676580
    • Good Neighbor Pharmacy — 6350 Lantana Rd, Greenacres, FL 33463

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1489
    Latitude
    26.5891

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    FAQs

    What type of property is this?
    Drug store - Operating Walgreens drugstore with triple-net ground lease.
    Where is this drug store located?
    The property is located at 6558 Lantana Rd Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Free‑standing Walgreens drugstore; Operating at the same location for over 20 years; Triple‑net ground lease
    (561) 447-8610 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary M. Broidis
    Gary M. Broidis
    Real Estate License ID: 3005439
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