Rite Aid (Guaranteed by Walgreens) NNN Property For Sale — Gonzales, LA
1710 N. Airline Highway, Gonzales, LA 70737
This offering presents an exceptional opportunity to acquire a single-tenant, triple net (NNN) leased Rite Aid property, strategically located in Gonzales, Louisiana, within the thriving Baton Rouge metropolitan area. The lease is absolutely guaranteed by Walgreens, a Fortune 500 company and one of the nation's leading drugstore chains, providing a secure and stable income stream for investors. The property, built in 1999, encompasses an 11,012 square foot building situated on a 1.033-acre lot, featuring a drive-thru pharmacy and 52 parking spaces. Positioned directly on N. Airline Highway, a primary thoroughfare, the location benefits from excellent visibility, high traffic counts, and convenient access, surrounded by a robust mix of national and regional retailers. Approximatley 6 years…
- Address: 1710 N. Airline Highway, Gonzales, LA 70737
- Asking price $2.95M
- 7.00% cap rate
- NOI $206,195
- 6 years remaining
- NNN lease
- Year built: 1999
- Building size: 11,012 SF
- Lot size: 1.03 acres
- Lease expiration: Dec 14, 2024
- Rent increases: 10% increase at 1st option; No increase at 2nd option; 10% increase at 3rd option; No increase at 4th option
- Guarantor: Corporate
Location
This Rite Aid (Guaranteed by Walgreens) property is at 1710 N. Airline Highway in Gonzales, Louisiana.
Asset type: Retail