Single-Tenant Net Lease
For Sale
Contact for pricing
Pending
2050 45th Street, West Palm Beach, FL 33407
Walgreens net lease secured by a long-term operator on an oversized parcel with CPD zoning flexibility.
Property Size15,048 SF
Days on Market54
Property Features for 2050 45th Street
General Information
Standard status
Pending
Size
15,048 SF
Total Parking Spaces
75
Property subtype
Retail
Zoning
CPD
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$287,000
Site & Location
Traffic Count
192,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1998
Tenancy
Single
Listing Agency:
CBRE - Orlando
Listed By:
Raymond Romano · License #FL 3041785
(407) 808-1657
Source:
Crexi
Added: Jul 20
Changed: Sep 7
Last Checked: Sep 10 at 8:46AM
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 CBRE - Orlando
Investment Insights
Based on property information with market context.
CBRE is pleased to present the exclusive listing for a Walgreens located at 2050 45th Street in West Palm Beach, Florida. The property is offered as a single-tenant net lease, with Walgreens operating at this location for over 27 years.
The underlying parcel is described as oversized and sits at one of the market’s busiest intersections, providing exposure to approximately 192,000± vehicles per day. The property is located less than 1,000 feet from an Interstate 95 on-ramp.
The real estate benefits from Commercial Planned Development (CPD) zoning, which the offering materials describe as enabling flexibility for future uses, including grocery, medical, retail, service, and multi-tenant commercial development.
The underlying parcel is described as oversized and sits at one of the market’s busiest intersections, providing exposure to approximately 192,000± vehicles per day. The property is located less than 1,000 feet from an Interstate 95 on-ramp.
The real estate benefits from Commercial Planned Development (CPD) zoning, which the offering materials describe as enabling flexibility for future uses, including grocery, medical, retail, service, and multi-tenant commercial development.
Key Highlights
- Walgreens single‑tenant net lease property built in 1998
- Long‑term operator: Walgreens has operated at this location for 27+ years
- Oversized parcel at one of the market’s busiest intersections
Property Analytics
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Open Analytics
Current Use
Lease Details
192,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Walgreens net lease secured by a long-term operator on an oversized parcel with CPD zoning flexibility.
Where is this drug store located?
The property is located at 2050 45th Street West Palm Beach, FL.
What are key features of this property?
This property features: Walgreens single‑tenant net lease property built in 1998; Long‑term operator: Walgreens has operated at this location for 27+ years; Oversized parcel at one of the market’s busiest intersections
