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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
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
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 major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Dec 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 3714 | Improvements Assessment | $210,433 |
| Land Assessment | $49,874 | Total Assessment | $260,307 |
Property Taxes
Presented by
Walgreens | 108 W California Ave
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