Listed by Marcus & Millichap - Nashville
$3,647,059
Walgreens | Absolute NNN
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Net Rentable (SqFt) 14,820
Cap Rate 8.5%
NOI $310,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 07/30/2034
Remaining Term 8.2
Rent Bumps No
Lease Options 50, 1-Year
Price per SqFt $246
Year Built 2009
Acreage 1.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
4-Way Signalized Corner Location
Investment highlights
Absolute NNN Lease, No Landlord management or maintenance obligations whatsoever
Over 14-Years of operational history at this location
Directly across from the Thibodaux Regional Medical Center, a 180-bed hospital and emergency center
Adjacent to the 242,000 SF Wellness Center
Situated at the prominent 4-way signalized corner of Audubon Ave and South Acadia Road with excellent visibility and access
The building is equipped with a critical drive-through pick-up window
Nationally-recognized tenants in the immediate trade area include McDonald’s, Walmart Neighborhood Market, Popeye’s, Rouses Markets, Chick-fil-A, Domino’s and many more
Situated near the Nicholls State University Campus
Listing Contacts
Listed by Marcus & Millichap - Nashville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$310,000.00
$25,833.33/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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