Walgreens - Absolute NNN | 11297 Florida Blvd
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Walgreens - Absolute NNN 11297 Florida Blvd
13,620 SF Retail Building Baton Rouge, LA 70815 $2,634,730 ($193/SF) 8.35% Cap Rate
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- Hard Corner Location - Dense Retail Market
- Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations in 50 States
- 1993 Construction - Tenant has Long History at the Location Exhibiting a Strong Commitment to the Site
- Located in Baton Rouge - Louisiana's Capital and Home to Louisiana State University
- Hard Corner Location at a Busy Signalized Intersection
Executive Summary
Absolute NNN Lease - Zero Landlord Responsibilities
1993 Construction - Tenant has Long History at the Location
Exhibiting a Strong Commitment to the Site
Hard Corner Location - Dense Retail Market
Located in Baton Rouge - Louisiana's Capital and Home to
Louisiana State University
Walgreens is the Second Largest Pharmacy Chain in the United
States and Operates Approximately 8,700 Locations in 50 States
Hard Corner Location at a Busy Signalized Intersection
1993 Construction - Tenant has Long History at the Location
Exhibiting a Strong Commitment to the Site
Hard Corner Location - Dense Retail Market
Located in Baton Rouge - Louisiana's Capital and Home to
Louisiana State University
Walgreens is the Second Largest Pharmacy Chain in the United
States and Operates Approximately 8,700 Locations in 50 States
Hard Corner Location at a Busy Signalized Intersection
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,620 SF
Building Class
C
Year Built
1993
Price
$2,634,730
Price Per SF
$193
Cap Rate
8.35%
NOI
$220,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
1.69 AC
Zoning
COMMERCIAL
Parking
83 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 01501836 | Improvements Assessment | $154,680 |
| Land Assessment | $76,880 | Total Assessment | $231,560 |
PROPERTY TAXES
Parcel Number
01501836
Land Assessment
$76,880
Improvements Assessment
$154,680
Total Assessment
$231,560
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Power Broker Deno Bistolarides -
Sal Yaldo -
Ayson Shammami -
Encore Real Estate Investment Services
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Walgreens - Absolute NNN | 11297 Florida Blvd
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