Walgreens - Ground Lease Outparcel Building

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Walgreens - Ground Lease Outparcel Building

Address

6558 Lantana Rd.
Lake Worth, FL 33467
United States
(View Map)

Property Type: Retail
Price: $3,500,000
Listing Status: Active

Contact Info

Gary Broidis
Direct: 561-703-9298
gary@atlanticcg.com

Brochure

Description

This offering consists of a free-standing Walgreens drugstore that has been operating at this location for over 20 years. The property provides a ground lease with no Landlord responsibilities.

This Walgreens is located on an outparcel to a very busy shopping center anchored by Walmart Neighborhood Market with other national retailers at this intersection including Ross Dress for Less, HomeGoods, TJ Maxx, Five Below, Publix Supermarket, Home Depot and Dollar Tree.

This investment property offers a long-term stable investment property with absolutely no Landlord responsibilities.

Additional Information Site Highlights
County: Palm Beach
Min. Divisible Space: 14,629 SF
Max. Contiguous Space: 14,629 SF
Total SF Available: 14,629 SF
Year Built: 2005
Lot Size: 1.75 Acres

Ground Lease

Signalized Corner Location with Excellent Visibility & Access 

Long-Term Tenancy & Established Store With Sales Exceeding National Average

Dense Retail Trade Area

Strong Demographics

Large Site with Drive-Thru Pharmacy & Ample Parking

Recent News

Stores remain dominant, even as digital, AI shopping grows

Physical stores still dominate retail, with 77% of purchases made in-person in 2025—even as AI and e-commerce continue to grow. According to EY research, most consumers still prefer to shop for fresh food, snacks, and beverages offline, and 94% make final purchase decisions in-store after browsing online.

EY’s Jon Copestake warns retailers not to underestimate the value of brick-and-mortar. While AI tools assist shoppers, few trust them to complete purchases. Instead, stores are crucial for discovery, promotions, and building loyalty.

Forward-thinking retailers are reimagining their physical spaces with services like rentals, repairs, and immersive experiences. As Copestake says, “If you're cutting stores, you may be missing a significant trick.”

Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force

In Doral, once-busy streets and shops are suddenly quiet as fear spreads among immigrant communities following the rollback of legal protections like TPS and the CHNV parole program. The Biden-era policy had allowed over 500,000 immigrants from countries like Venezuela and Haiti to live and work legally in the U.S., but recent reversals by the Trump administration have left many without work authorization—and too afraid to leave home.

The impact is already being felt in South Florida’s construction and development sectors, where immigrants make up more than 25% of the workforce. With workplace raids increasing and employers required to use E-Verify under Florida’s SB 1718, developers may face labor shortages, project delays, and rising costs. Industry leaders warn that this could be just the beginning.

Mall traffic dips in June, half-year traffic mostly positive

Mall traffic dipped slightly in June 2025, ending a two-month streak of growth, as shoppers pulled back following a spring surge possibly fueled by anticipated tariff hikes. Indoor malls showed the most resilience, with visits down just 0.7% year-over-year, while outlet malls saw the steepest decline at 4.4%.

Despite the June slowdown, the first half of 2025 painted a largely positive picture: indoor mall visits rose 1.8%, open-air centers grew 0.6%, and average visit duration increased across all formats—indicating stronger consumer engagement. Notably, indoor malls edged past pre-pandemic levels for the first time, up 0.3% from 2019.

The recovery continues, with open-air centers maintaining the most consistent post-COVID performance, and indoor malls closing the gap. As Placer.ai notes, the mall rebound story is still unfolding.