Documents
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Key facts
| Year Built | 2006 |
| Building Area Gross |
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| Land Area Gross |
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| Occupancy | 100.0 % |
Property description
JLL is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant Walgreens (the “Property” or “Asset”) located in Crowley, LA. This Asset features an investment grade corporate guaranty from Walgreen Co. (S&P: ‘BBB’) and is operating on a newly-extended NNN lease with 15 years remaining, zero landlord responsibilities, and five percent rental increases every five years throughout the primary term and renewal options. The site sits directly off Interstate-10 with exposure to more than 80,000 VPD. This offering presents the opportunity to acquire a Property leased to an industry leading and investment grade tenant within a pro-business Sun Belt state.
Investment highlights
- NEWLY EXTENDED WALGREENS WITH RENT ESCALATIONS
- PRO-BUSINESS LOUISIANA WITH SOME OF THE LOWEST PROPERTY TAX NATIONALLY
- HARD CORNER REAL ESTATE ACROSS FROM A WALMART AND LOWE'S
- LOCATED IN CROWLEY OFF INTERSTATE-10 - PART OF THE LAFAYETTE MSA
- STRONG ANNUAL SALES REVENUE
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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