9820 Old Hammond Hwy – Walgreens$ 4,240,000.00
Location Baton Rouge
Agent James M. Schrader
Total Building Size15,120 SF
Total Lot Size1.71 AC
Property UseThis is an Investment Property
Address: 9820 Old Hammond Hwy, Baton Rouge, LA 70816
- Subject Property: Walgreens Store #6028
- Property Location: 9820 Old Hammond Hwy, Baton Rouge, LA 70816
- Year Built: 2000
- Price: $4,240,000
- Cap Rate: 6.25%
- Rentable Square Feet: +/- 15,120 SF
- Site Area: Approx. 1.71 acres
- Parking Spaces: 74
- Signage: Free-standing pylon sign
- Tenant: Walgreen Louisiana Co., Inc.
- Lease guaranteed by Walgreen Co.
- Lease Type: Net-Net (Landlord responsible for roof and structure)
- Lease Expire: September 30, 2026
- Annual Rental Income: $265,000 | $22,083.33/month
- Located at the signalized intersection of two major highways with a high traffic count.
- High-visibility location approximately one-half mile from Interstate 12.
- Same tenant operating continuously since 2000.
- Lease renewals through 2060.
- Multiple points of ingress/egress on both sides of the property.
- Pharmacy drive-thru with ample stacking.
- Free-standing pylon sign.
- Close to hotels, hospitals and major retailers including Starbucks, Walmart Neighborhood Store, Michael’s, and Marshall’s.
- Surrounded by a number of residential neighborhoods, schools, and churches.