Walgreens
Retail | 5.65% CAP | 15,161 SqFt
Investment highlights
• Brand new 2026 construction | Prototype Walgreens with modern design and construction standards
• Absolute net lease | Zero landlord responsibilities
• Positioned within Avenir Master Plan | Located at the entrance to the 4,700+ acre Avenir master planned community in rapidly growing western Palm Beach Gardens | Click HERE for more info
• Strategic Northlake Blvd frontage | Excellent visibility and accessibility along one of the area’s primary east-west commuter corridors | 35,500VPD
• Dominant daily-needs retail corridor | Outparcel to the newly developed Avenir Town Center | 200K SF retail center anchored by Publix and complementary necessity-based retail
• Desirable lease term | 15-year term with rare rental increases in the primary term and options
• High-Income consumer base | Dense concentration of affluent full-time and seasonal residents supports strong pharmacy, convenience, and healthcare demand | $175,920 average household income within a 3-mileradius
• Essential retail serving a rapidly expanding residential base | Walgreens is strategically positioned to capture daily-needs traffic from both existing luxury communities and future residential growth throughout the Avenir corridor | 8.72% projected population growth within a 3-mile radius by 2030
• Surrounded by Affluent Golf & Country Club Communities | Nearby luxury communities and clubs include The Country Club at Mirasol, BallenIsles Country Club, and Frenchmans Reserve Country Club among countless others
• New Hospital being developed within walking distance | Jupiter Medical Center, its Avenir Campus will have a two-story hospital of 53K SF with 29 beds and a three-story medical office building of 47K SF | The project should break ground in June and be completed in early 2028
• 20 minutes from Palm Beach International Airport | 200 flights per day
• Nearby destination retailers | Target, Costco, Publix, ALDI, Home Depot, Lowe’s, Marshalls, HomeGoods, Office Depot, Outback Steakhouse, First Watch, Chick-fil-A, Dunkin’, Panera Bread, McDonald’s, Firehouse Subs, Burger King, and more
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