280 San Antonio Ave - Drug Store FOR SALE


Many, LA 71449
$3,120,000 USD
510-388-4438
280 San Antonio Ave, Many, LA for Sale
$3,120,000 USD
Drug Store - FOR SALE
1/3
null | 7% Cap Rate

280 San Antonio Ave
Many, LA 71449


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • 5% Rental Increases Every 5 Years -Throughout the Primary Term and Option Periods
  • Corporate Guarantee - Backed by Walgreens Boots Alliance
  • Freestanding Drive-Thru Location - ±13,436 SF Building on ±1.23 Acres
  • Surrounded by National Retailers - McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts
  • $61,955 Average Household Income and ±3,649 Employees Within a 5-Mile Radius

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a corporately guaranteed Walgreens located in Many, Louisiana. The asset is secured by a 12+ Year NNN lease with zero landlord obligations, corporately guaranteed by Walgreens Boots Alliance. The lease commenced in 2024 and runs through 2039, with 5% rental increases every five years throughout the initial term and each of the twelve (12) five-year renewal options. The ±13,436 square foot freestanding building sits on a ±1.23-acre parcel and is offered as fee simple ownership. The asset is located at a signalized hard-corner intersection with ±20,700 vehicles per day along San Antonio Avenue and Hill Street. The surrounding trade area includes a strong mix of national tenants such as McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts.

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 Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

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

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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