WALGREENS 5831 W Park Ave, Houma, LA 70364
Cap Rate 6.50%
Price Per SF $339
Leasable Area 14,490 SF
Term Remaining ± 13 YRS
Year Built 2006
Broker of Record
License No. 995685215
NAI Latter & Blum
5500 Bankers Ave., Baton Rouge, LA 70808
- Absolute NNN Lease – Fee simple ownership with zero landlord responsibilities. Tenant pays for CAM, insurance, utilities, taxes, and maintains all aspects of the premises.
- Strong Reported Sales – Average reported sales have been above $2.7M for the last four years.
- Long Term Lease – Thirteen (13) years of base term remaining on the lease.
- Outparceled to Southland Mall – Major retail tenant include Dillard’s, JC Penny, Sam’s Club, Wendy’s, Sonic Drive-In, Big Lots, Chase Bank, Harbor Freight, AMC Movie Theater, and more.
- Prototype Store Format with Great Access and Visibility – Located at a signalized intersection with over 50,000 VPD. Double drive-thru, 14,490 SF store format.
- Nationally Recognized Investment Grade Tenant – Lease is fully guaranteed by Walgreens Co. (S&P’s Rated BBB). The company is ranked #17 on the Fortune 500, for 2017.