280 San Antonio Ave - Drug Store FOR SALE


Many, LA 71449
$3,120,000 USD
714-404-8849
280 San Antonio Ave, Many, LA for Sale
$3,120,000 USD
Drug Store - FOR SALE
1/4
null | 7% Cap Rate

280 San Antonio Ave
Many, LA 71449


HIGHLIGHTS

  • Brand New 15-Year Deal | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant just signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 5% rental increases every 5 years during the initial lease term and options thereafter, growing NOI and hedging against inflation • Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico

FOR SALE DETAILS

PRICE

$3,120,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | New 15yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

B-3

APN/PARCEL ID

0043087100

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.