Walgreens - Absolute NNN

Investment Overview

Discover an exceptional investment opportunity at this prime 13,620 SF free-standing building in Baton Rouge. Built in 1993, this property boasts a premier location that ensures high visibility and accessibility for retail tenants. With a strong track record of 100% occupancy, this promising asset presents a secure and lucrative option for retail investors. The building's modern facilities, strategic position, and proven performance make it an enticing prospect for those seeking a rewarding addition to their investment portfolio. Don't miss the chance to capitalize on this thriving retail space in Baton Rouge.

Investment Highlights

• Absolute NNN Lease – Zero Landlord Responsibilities – Tenant is responsible for taxes, insurance, maintenance, roof and structure,
• providing investors with a passive ownership structure and minimal management obligations.
• Walgreens Has Occupied the Property Since 1993 – More than 30 years of operating history at this location, demonstrating Walgreens’ long-term commitment to the site. The tenant has renewed its lease and currently has approximately 3 years and 4 months of remaining term with four additional 5-year renewal options.
• Attractive 8.50% Going-In Cap Rate – Offered at $2,588,223, providing investors with a compelling current yield from one of the country’s largest and most recognized retail pharmacy operators.
• Low $190/SF Acquisition Basis & $16.15/SF Rent – Attractive real estate basis and in-line rental rate help support the property’s residual value and provide flexibility for future re-tenanting or redevelopment.
• Large 1.67-Acre Site / 13,620 SF Freestanding Building – Substantial land area combined with a freestanding retail building provides long-term optionality for continued pharmacy use, alternative retail users, or future redevelopment.
• Strategic Baton Rouge Location – Located in Louisiana’s state capital and a major regional center for government, education, healthcare, energy and commerce. Baton Rouge is also home to Louisiana State University and serves as an important component of the Mississippi River logistics and industrial corridor.
• Established National Pharmacy Tenant – Walgreens was founded in 1901 and operates approximately 8,500 stores throughout the U.S. and Puerto Rico, serving nearly 9 million customers and patients daily. Walgreens became a privately held standalone company following its 2025 acquisition by Sycamore Partners.
• Strong Residual Real Estate Fundamentals – The combination of a hard corner retail location, sizable parcel, established commercial corridor, low acquisition basis and long operating history provides multiple potential exit strategies beyond the existing Walgreens tenancy.