Walgreens
Walgreens | Absolute NNN Lease | 7.00% CAP | Corporate Guarantee
Marketing description
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 12+ 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 option periods.
The ±13,436 square foot freestanding building sits on a ±1.23-acre parcel and is offered as fee simple ownership. The asset is located at a signalized hard-corner intersection with ±20,700 vehicles per day along San Antonio Avenue and Hill Street. The surrounding trade area includes a strong mix of national tenants such as McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts
Investment highlights
Absolute NNN Lease with Zero Landlord Responsibilities
5% Rental Increases Every 5 Years -Throughout the Primary Term and Option Periods
Corporate Guarantee - Backed by Walgreens Boots Alliance
12+ Years of Firm Term Remaining - Long-Term Commitment
Prime Signalized Hard Corner - ±20,700 Combined Vehicles Per Day Along San Antonio Avenue and Hill Street
Freestanding Drive-Thru Location - ±13,436 SF Building on ±1.23 Acres
Surrounded by National Retailers - McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts
$61,955 Average Household Income and ±3,649 Employees Within a 5-Mile Radius
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