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18323320
18323321

11297 Florida Blvd, Baton Rouge, LA 70815

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$2,199,990
737 days on market
Updated 90 days ago

Walgreens - Absolute NNN

Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug (+1)
Square Footage 13,620
Net Rentable (SqFt) 13,620
Units 1
Cap Rate 10%
NOI $219,999
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 36.5
Lease Expiration 01/30/2030
Remaining Term 3.6
Rent Bumps No
Lease Options 4, 5 Year Options to Renew
Price per SqFt $162
Class A
Year Built 1993
Buildings 1
Stories 1
Acreage 1.670
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/1993
Ground Lease No
Ownership Public

Absolute NNN Walgreens - Hard Corner Location - Baton Rouge, LA

Marketing description

This Walgreens property, located at 11297 Florida Boulevard in Baton Rouge, offers an absolute NNN lease with minimal landlord responsibilities. Built in 1993, the tenant's long history at this site demonstrates a strong commitment to the location.

The area features a vibrant mix of national and local retailers, contributing to a robust commercial environment. Baton Rouge, the capital of Louisiana and home to Louisiana State University, adds strategic value to the location. Walgreens, the second largest pharmacy chain in the U.S., operates approximately 8,700 locations nationwide, underscoring the strength and reliability of the tenant.

Investment highlights

  • 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

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$219,999.00
$18,333.25/mo

Valuation Metrics

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DSCR
10%
Cap Rate
10%
ROI

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Additional Information

Name
Brian Brockman
License
BROK.0995684990-ASA
Brokerage
Bang Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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