220 N. Alexander Avenue, Port Allen, LA 70767
Triple Net Investment Group is pleased to present an opportunity to purchase the Walgreens. This particular Walgreens store is differentiated from others as it’s Walgreens’ new “Wellness Experience” prototype which is focused on the Pharmacy experience and building sustainability. The pharmacy has a new layout where the pharmacist sits out on the customer floor allowing them to be more consultative.
The property has direct frontage along Highway 1 (N. Alexander Ave), a major thoroughfare in the area boasting average daily traffic counts of approximately 20,000 vehicles. Located in a well-populated area where the 5-mile radius population exceeds 107,000 people, the property benefits from minimal competition from other drugstore retailers. Just one mile south of the subject property, Alexander Ave. intersects the Interstate 10 bridge, connecting Port Allen to Baton Rouge, the Sate Capitol of Louisiana.
- Current listing Price – $5,782,608
- 15+ Year, Absolute Triple-Net (NNN) Corporate Lease
- “Wellness Experience” Prototype
- Direct Frontage Along Highway
- Densely Populated Area
- Minimal Retail Competition within the Trade Area