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Walgreens - Absolute NNN 11297 Florida Blvd 13,620 SF Retail Building Baton Rouge, LA 70815 $2,199,990 ($161.53/SF) 10% Cap Rate
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- Hard Corner Location - Dense Retail Market
- Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations in 50 States
- 1993 Construction - Tenant has Long History at the Location Exhibiting a Strong Commitment to the Site
- Located in Baton Rouge - Louisiana's Capital and Home to Louisiana State University
- Hard Corner Location at a Busy Signalized Intersection
Executive Summary
Absolute NNN Lease - Zero Landlord Responsibilities
1993 Construction - Tenant has Long History at the Location Exhibiting a Strong Commitment to the Site
Hard Corner Location - Dense Retail Market
Located in Baton Rouge - Louisiana's Capital and Home to Louisiana State University
Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations in 50 States
Hard Corner Location at a Busy Signalized Intersection
1993 Construction - Tenant has Long History at the Location Exhibiting a Strong Commitment to the Site
Hard Corner Location - Dense Retail Market
Located in Baton Rouge - Louisiana's Capital and Home to Louisiana State University
Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations in 50 States
Hard Corner Location at a Busy Signalized Intersection
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,620 SF
Building Class
C
Year Built
1993
Price
$2,199,990
Price Per SF
$161.53
Cap Rate
10%
NOI
$220,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.69 AC
Zoning
COMMERCIAL
Parking
83 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01501836 | Improvements Assessment | $100,454 |
| Land Assessment | $83,030 | Total Assessment | $183,484 |
Property Taxes
Parcel Number
01501836
Land Assessment
$83,030
Improvements Assessment
$100,454
Total Assessment
$183,484
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Danny Samona -
Ryan Vinco -
Encore Real Estate Investment Services
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Walgreens - Absolute NNN | 11297 Florida Blvd
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