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Walgreens for Sublease 7401 Read Blvd
13,905 SF of Retail Space Available in New Orleans, LA 70127
SUBLEASE HIGHLIGHTS
- Easy access to major roads and highways
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,905 SF | Negotiable | $8.50 /SF/YR $0.71 /SF/MO $118,193 /YR $9,849 /MO | Modified Gross |
1st Floor
SUBLEASE: Available through 01/01/2029. NOTE: All offers are subject to Walgreens Real Estate Committee.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Free-standing retail building with ample parking
- Easy access to major roads and highways
- Accessible by multiple bus routes
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 7401 READ BLVD , NEW ORLEANS, LA 70127
| Total Space Available | 13,905 SF | Gross Leasable Area | 13,905 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Drug Store | Parking Ratio | 5.39/1,000 SF |
| Total Space Available | 13,905 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,905 SF |
| Year Built | 1999 |
| Parking Ratio | 5.39/1,000 SF |
ABOUT THE PROPERTY
This highly visible, free-standing Walgreens building is now available for sublease, offering an excellent opportunity for retailers or businesses seeking a high-traffic location in New Orleans East. The property is strategically positioned along one of the area’s main thoroughfares, providing excellent access and exposure. The location is surrounded by a variety of well-established businesses, ensuring consistent traffic and a strong customer base. Nearby, you will find key landmarks such as New Orleans East Hospital and several schools, including Lake Forest Elementary and Easton Charter School, both a short distance away. This area benefits from strong community ties, a growing residential population, and a high demand for retail services. Whether for an investor or operator, this retail opportunity represents a stable, high-traffic location with long-term growth potential in the heart of New Orleans East.
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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Walgreens for Sublease | 7401 Read Blvd
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