SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest in a long-standing Walgreens property located in New Orleans, Louisiana. Backed by a corporate guaranty from Sycamore Partners (dba Walgreens), this asset offers stable, long-term income from one of the nation’s most recognized pharmacy and retail chains. Walgreens has operated at this site since 2000 on a 60-year NN lease, with over 35 years of term remaining, demonstrating strong tenant commitment and income durability. The lease includes both fixed base rent and percentage rent, providing investors with upside tied to store performance: 2.0% of gross sales (excluding prescriptions and food), plus 0.5% of gross food sales and 0.5% of prescription sales. Structured as a NN lease, Walgreens is responsible for taxes and insurance, while landlord obligations are limited to the exterior, roof, structure, and utility lines, offering a low-management, passive ownership experience.