Port Allen, LA (Baton Rouge MSA) 70767

Walgreens

Property Address

220 North Alexander Avenue, Port Allen, LA, USA

Offering Summary

  • Price: $5,783,000
  • Lot Size: 1.42 Acres
  • Cap Rate: 5.75%
  • Year Built: 2013
  • Building SF: 14,550
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Lease with Walgreens
  • Approx. 12 Years Remaining on Lease Term with 11, 5 Year Renewal Options
  • Strong Store Sales and Drive-Thru Access
  • 108,800 Residents within a 5-Mile Radius - Growing Trade Area in Baton Rouge MSA
  • Situated Along Port Allen’s Primary Thoroughfare - 21,000+ Cars/Day Along Alexander Avenue
  • Surrounded by National Retailers - Family Dollar, Church’s Chicken, AutoZone, etc.
  • Less Than 1 Mile Off the I-10 Freeway, a Major Interstate Connector with Direct Access to Baton Rouge and New Orleans
  • 4 Miles from Downtown Baton Rouge and Louisiana State University
  • Strong Daytime Population - 179,600 Employees in Surrounding Area

Broker Information