9820 Old Hammond Hwy – Walgreens

$ 4,240,000.00
Purpose Sale
Type: ,
Location
Total Building Size15,120 SF
Total Lot Size1.71 AC
Zoning DescriptionCommercial
Building ClassN/A
Year Built2000
Property UseThis is an Investment Property
Construction StatusExisting
No. Stories1

Address: 9820 Old Hammond Hwy, Baton Rouge, LA 70816

Property Information

  • 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

Lease Summary

  • 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

Investment Highlights

  • 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.
Offering Memorandum