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: Sold

Contact Info

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

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

Study: Movie theater visits decreased 10% in 2025

U.S. movie theater visits fell by at least 10% year-over-year in 2025 when comparing second and third quarter data from 2024 with the same periods in 2025, according to location intelligence provider Kalibrate. Major cinema chains experienced steeper declines with average visit volumes down approximately 15%, including Regal Cinemas declining 12.2% and Century Theatres dropping 20.3%, while independent theaters showed greater resilience with only an 8.6% decrease. Households earning over $100,000 annually showed signs of pulling back more than other income groups, notable since moviegoing has historically skewed toward those with more disposable income. Highly urbanized areas experienced the largest year-over-year declines with visits down 18%, while rural and exurban areas saw a much smaller decline of just 5%, and several Western states including Idaho, New Mexico, Utah and Wyoming posted increases of more than 5%.

Global brands shut Middle East stores as conflict causes chaos

Major retail brands have closed stores across Middle Eastern shopping hubs including Dubai as escalating regional conflict disrupts business operations and travel, with many locations operating with skeleton staff or shuttered entirely.  Chalhoub Group, operating 900 stores for brands including Versace, Jimmy Choo, and Sephora, closed all Bahrain locations while making staff attendance voluntary in UAE, Saudi Arabia, and Jordan markets. Luxury conglomerate Kering temporarily closed stores in UAE, Kuwait, Bahrain, and Qatar, while Amazon shuttered Abu Dhabi fulfillment operations and suspended regional deliveries. Apple's Dubai stores remained closed, H&M shut Bahrain and Israel locations, and consumer goods group Reckitt closed its Bahrain manufacturing site while instructing all Middle East employees to work from home. Luxury stocks LVMH, Hermès, and Richemont declined 4% to 6.5% as investors assessed the impact on a region that represented luxury's strongest growth market in recent years, accounting for 5% to 10% of global luxury spending. 

Senate Advances Sweeping Housing Bill, Includes Ban On Institutional Buyers Of Single-Family Homes

The Senate advanced the 21st Century ROAD to Housing Act with an 84-6 bipartisan vote, combining affordability and housing production measures with a Trump administration proposal to ban institutional investment in single-family homes. The bill defines institutional investors as companies owning 350 or more homes and includes exemptions for homes built to rent, with the White House indicating President Trump would sign it if passed as written.  Key provisions include simplifying National Environmental Protection Act review processes to reduce construction delays, increasing Federal Housing Administration multifamily loan limits, changing manufactured housing definitions to spur construction, and supporting housing development in opportunity zones and Community Development Block Grant jurisdictions. The legislation, authored by Senators Tim Scott and Elizabeth Warren, still requires a final Senate vote and must be reconciled with the House bill before reaching the president's desk.