The Kase Group is pleased to present the opportunity to acquire a corporately guaranteed Walgreens located in Many, Louisiana. The asset is secured by a 12+ Year NNN lease with zero landlord obligations, corporately guaranteed by Walgreens Boots Alliance. The lease commenced in 2024 and runs through 2039, with 5% rental increases every five years throughout the initial term and each of the twelve (12) five-year renewal options.
The ±13,436 square foot freestanding building sits on a ±1.23-acre parcel and is offered as fee simple ownership. The asset is located at a signalized hard-corner intersection with ±20,700 vehicles per day along San Antonio Avenue and Hill Street. The surrounding trade area includes a strong mix of national tenants such as McDonald’s, Burger King, Taco Bell, Tractor Supply Co., AutoZone, and O’Reilly Auto Parts.