walgreens investment sale, boynton beach

Boynton Beach, FL – David Remland, Principal of Boca Raton based Remland Commercial announced the sale of a free-standing, recently developed Walgreens in Boynton Beach located at the northwest intersection of Woolbright Rd. and Jog Rd.  David represented the Sellers, Madison I, LLC of West Palm Beach, FL in this sale to the Buyers, Thompson, Inc., based in Vero Beach, FL.

According to Mr. Remland, the Walgreens building was completed in 2002 after Walgreens entered into a long term lease.  Mr. Remland stated “there continues to be an insatiable demand for well-located properties with long term creditworthy tenants”.  This property is no exception as Mr. Remland reports this property sold for a cap rate of less than 7.5%. 

For more information, please contact: David Remland, Remland Commercial
(561) 809-8610
David Remland Email