4327 Jefferson Hwy, Jefferson, LA 70121
14,550 SF | 4-Star Retail Building | Jefferson, LA 70121 | $7,125,000 ($490/SF) | 8% Cap Rate
For Sale
Active
Asking Price $7,125,000
- Property Type
-
Retail
- Square Feet
- 14,550 SF
- Price / Square Foot
- $490
Listing Contacts
- Property Info
Property Overview
Northmarq, on behalf of the ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple
ownership interest in the Walgreens property located at 4327 Jefferson Highway in Jefferson, LA 70121 (“Property”). The Property
is subject to an original rare 30-year lease by Walgreens, NASDAQ: WBA, S&P BBB/Stable is the largest drug store in the US with
over 9,000 locations and 2023 sales of over $139 billion. Constructed in 2012, the Property features an Absolute NNN lease with no
landlord obligations, 14,550 SF on 1.29 acres of a hard corner lighted intersection, and features a drive-thru. It is situated in a prime
location on Louisiana State Route 90 (Jefferson Highway) with heavy car traffic of over 35,000 VPD.
ownership interest in the Walgreens property located at 4327 Jefferson Highway in Jefferson, LA 70121 (“Property”). The Property
is subject to an original rare 30-year lease by Walgreens, NASDAQ: WBA, S&P BBB/Stable is the largest drug store in the US with
over 9,000 locations and 2023 sales of over $139 billion. Constructed in 2012, the Property features an Absolute NNN lease with no
landlord obligations, 14,550 SF on 1.29 acres of a hard corner lighted intersection, and features a drive-thru. It is situated in a prime
location on Louisiana State Route 90 (Jefferson Highway) with heavy car traffic of over 35,000 VPD.
Property Details
- Class
- B
- Year Built
- 2012
- Stories
- 1
- Property Subtype
- Drug Store, Grocery/Convenience Store
- Lot Size (sq. ft)
- 56,192 SF
Highlights
- Long-Term Lease | Absolute NNN Lease
- Very Strong Demographics
- Investment Grade Credit
- New Orleans MSA
- Drive -Thru Pharmacy | 2 Miles from Ochsner Medical Center
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