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Former Walgreens - New Orleans, LA 7401 Read Blvd 13,924 SF of Retail Space Available in New Orleans, LA 70127
Highlights
- Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.
- Positioned at the signalized intersection of Read Boulevard and Morrison Road, featuring multiple access points and immediate access to I-10.
- Approximately a 10- minute drive to the French Quarter and the central business district.
- Serving a population of more than 65,000 residents, New Orleans East is home to only 2 urgent care facilities.
- More than 6,500 households within a 1-mile radius.
- Purpose-built retail building featuring drive-thru infrastructure, high ceilings, and an efficient open floor plan.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,924 SF | 10-20 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 13,924 SF | Gross Leasable Area | 13,924 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Drug Store | Parking Ratio | 5.39/1,000 SF |
| Total Space Available | 13,924 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,924 SF |
| Year Built | 1999 |
| Parking Ratio | 5.39/1,000 SF |
About the Property
Sands Investment Group is pleased to exclusively offer for lease the 13,924 SF Former Walgreens located at 7401 Read Boulevard in New Orleans, LA. The property has been recently enhanced with a new roof, upgraded HVAC systems, and electrical improvements, reducing near-term capital expenditure requirements. Well-positioned for a variety of uses, including retail, medical, grocery, specialty market, office, or other commercial applications, this versatile asset presents an excellent opportunity for investors or owner-users seeking a strategically located property with strong long-term potential.
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
