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108 W California Ave, Ruston, LA, 71270

Walgreens
$3,984,500

Key Information

Cap Rate
10%
Tot. SF
14,550
Year Built
2007
Term Remaining
7.25 Yrs
Type
Retail
NOI
$398,450

Highlights

  • List price of $3,984,500 yielding a 10% cap rate
  • Over 7.25 Years Remaining on the primary lease term including fifty, one-year options to extend.
  • Absolute NNN Lease – With zero landlord responsibilities, providing investors with a management free investment.
  • Sales Reporting Location – Contact broker for details.
  • 2007 built-to-suit construction for Walgreens – 14,550 square foot building equipped with a double drive thru situated on a 1.61 acre parcel including 74 parking spaces.
  • In the heart of Ruston’s central business district (CBD), the property is located in a highly walkable area surrounded by other national tenants. Located off the highest traffic road in town with close proximity to I-20, route 80 & route 167, this site receives additional traffic from travelers passing through town.
  • Double Signalized Corner Location – Located on two signalized corners totaling 33,000 VPD, providing the property with additional exposure. The corner of S Trenton St & W California Ave has over 21,000 VPD & the corner of S Vienna St & West California Ave has over 12,000 VPD.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810