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    245 S Military Trl West Palm Beach, FL 33415

    For Sale
    $6,100,000

    12,739 SF CVS on 1.82 acres for sale.

    Property size:
    12,739 SF
    Lot size:
    1.82 Acres

    Property Features for 245 S Military Trl

    General Information

    Size
    12,739 SF
    Lot size
    1.82 Acres

    Source: Sands Investment Group (SIG) - Corporate Agent Drew Gilbert

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

    Overview

    West Palm Beach CVS Asset

    This 12,739 SF CVS asset is located at 245 South Military Trail in West Palm Beach, FL. Situated on a 1.82-acre lot, the property benefits from its location at the signalized intersection of S Military Trail and Gun Club Road, which experiences high traffic volume. The absolute NNN lease CVS is positioned between suburban neighborhoods and key employers. The lease includes rental escalations of 2% in each of the five, 5-year options. Consumer spending on healthcare exceeds $165 million annually within a 5-mile radius, with a total population exceeding 334,988 people within the same radius. Nearby retailers within a 1-mile radius include The Mall at Wellington Green, The Shoppes of Palm Beach, Target, Home Depot, Lowe’s, Walmart, Best Buy, Ross, Big Lots, CVS Pharmacy, Walgreens, Petsmart and Marshalls. The lease is corporately guaranteed by CVS Health, a Fortune 500 company with an S&P credit rating of BBB and over $358 billion in total revenue (2023).
    Insight Report Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Drug Store MoneyGram Money Transfer Service Citibank ATM Atm Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    COVID-19 Drive-thru Testing at Walgreens, Walgreens Pharmacy, George A. MacGregor Jr, PharmD, Duy Huynh, Palm Beach Chiro & Wellness

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1131213
    Latitude
    26.6741836

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    FAQs

    What type of property is this?
    Drug store - 12,739 SF CVS on 1.82 acres for sale.
    Where is this drug store located?
    The property is located at 245 S Military Trl West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: - Investment Grade Credit: Lease guaranteed by CVS Health, a Fortune 500 company.; - High-Traffic Location: Located at a highly trafficked intersection of S Military Trail and Gun Club Road.; - Absolute NNN Lease: Short-term absolute NNN lease, providing a secured investment.
    (844) 474-4666
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    245 S Military Trl West Palm Beach, FL 33415
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    West Palm Beach, FL 33415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 S Military Trl West Palm Beach, FL 33415
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