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Walgreens 108 W California Ave 14,550 SF Retail Building Ruston, LA 71270 $4,194,211 ($288.26/SF) 9.50% Cap Rate
Investment Highlights
- List price of $4,194,211 yielding a 9.50% cap rate
- Absolute NNN Lease – With zero landlord responsibilities, providing investors with a management free investment.
- 2007 built-to-suit construction for Walgreens – 14,550 square foot building equipped with a double drive thru situated on a 1.61 acre parcel
- Over 7.25 Years Remaining on the primary lease term including fifty, one-year options to extend.
- Sales Reporting Location – Contact broker for details.
- In the heart of Ruston’s central business district (CBD), the property is located in a highly walkable area surrounded by other national tenants.
Executive Summary
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2007
Price
$4,194,211
Price Per SF
$288.26
Cap Rate
9.50%
NOI
$398,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.60 AC
Opportunity Zone
Yes
Parking
42 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
282’ on W California
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Dec 2032
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Dec 2032 |
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 3714 | Improvements Assessment | $210,433 |
| Land Assessment | $49,874 | Total Assessment | $260,307 |
Property Taxes
Parcel Number
3714
Land Assessment
$49,874
Improvements Assessment
$210,433
Total Assessment
$260,307
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Walgreens | 108 W California Ave
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