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Walgreens | New 15yr Abs NNN w/ Incrs 280 San Antonio Ave 13,436 SF Retail Building Many, LA 71449 $3,120,000 ($232.21/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee - Backed by Walgreens Boots Alliance
  • Prime Signalized Hard Corner - ±20,700 Combined Vehicles Per Day Along San Antonio Avenue and Hill Street
  • 5% Rental Increases Every 5 Years -Throughout the Primary Term and Option Periods
  • 13.5 Years of Firm Term Remaining
  • Surrounded by National Retailers - McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts

EXECUTIVE SUMMARY

The Kase Group is pleased to present the opportunity to acquire a corporately guaranteed Walgreens located in Many, Louisiana. The asset is secured by a brand-new 15-year absolute NNN lease with zero landlord obligations, corporately guaranteed by Walgreens Boots Alliance. The lease commenced in 2024 and runs through 2039, with 5% rental increases every five years throughout the initial term and each of the four (4) five-year renewal options.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,436 SF
Building Class
B
Year Built
2009
Price
$3,120,000
Price Per SF
$232.21
Cap Rate
7%
NOI
$218,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.23 AC
Zoning
B-3 - Commercial
Parking
46 Spaces (3.42 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum -

NEARBY MAJOR RETAILERS

CrossFit
Brookshire Brothers
Hancock Whitney Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0043087100
Land Assessment
$43,780
Improvements Assessment
$181,224
Total Assessment
$225,004
  • Listing ID: 37807233

  • Date on Market: 4/2/2025

  • Last Updated:

  • Address: 280 San Antonio Ave, Many, LA 71449

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