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Walgreens Absolute NNN Lease 280 San Antonio Ave 13,436 SF Retail Building Many, LA 71449 $3,120,000 ($232.21/SF) 7% Cap Rate
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+ 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 13+ 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
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 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 | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0043087100 | Improvements Assessment | $181,224 |
| Land Assessment | $43,780 | Total Assessment | $225,004 |
Property Taxes
Parcel Number
0043087100
Land Assessment
$43,780
Improvements Assessment
$181,224
Total Assessment
$225,004
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Walgreens Absolute NNN Lease | 280 San Antonio Ave
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