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89 Westbank Expressway - Walgreens, Gretna, LA

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89 Westbank Expressway - Walgreens

Gretna, LA 70053-3662 - Westbank Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2001
Building Size:14,490 SF Land Area:1.65 AC (71,874 SF)
For Sale Price:$5,773,300 Price/SF:$398.43
Cap Rate:7.50 %
Parking:Free Surface spaces are available; Ratio of 1.93/1,000 SF

Sale Notes:
CBRE' s Net Lease Property Group is pleased to extend the opportunity to acquire fee simple interest in a corporate guaranteed Walgreens located in Gretna, Louisiana just east
and across the river from downtown New Orleans. The building is strategically positioned right off Westbank Expressway with tremendous visibility and an enormous vehicular count exceeding 83,200 vehicles per day.

Located within the heart of the Gretna retail corridor, Walgreens is an outparcel to the recently remodeled, 369,000-square foot Westside Shopping Center North which drives a steady flow of traffic throughout the day. The Gretna retail corridor is anchored by Oakwood Center, a 907,145-square foot shopping center situated less than one mile from the subject property. Oakwood Center features a strong tenant mix of national retailers including Dillard' s, JCPenney, Dick' s Sporting Goods H&M, Old Navy, Victoria' s Secret, Forever 21, Bath & Body Works, and Ulta Beauty. Additional retailers within the trade area include Home Depot, Walmart, Lowe' s, Best Buy, and Target among many others.

Michael T Kaider
(630) 573-7015

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