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. Walgreens has operated at this site since 2000, with over 5 years of lease term remaining and 6 (5-Year) renewal options, 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, the tenant is responsible for taxes and insurance, while landlord obligations are limited to maintaining the exterior, roof, structure, and utility lines and replacing the parking lot, offering a low-management, passive ownership experience.