11297 Florida Blvd Baton Rouge, LA 70815

This exceptional investment opportunity presents a 13,620 square foot Walgreens located at 11297 Florida Blvd, Baton Rouge, LA 70815. The property boasts a highly desirable absolute NNN lease structure, minimizing landlord responsibilities. Built in 1993, this single-story building sits on a 1.67-acre lot and enjoys a prime hard corner location within a dense retail market. The current lease, with Walgreens, a credit-rated tenant, has a remaining term of 5.2 years, expiring January 30, 2030, and includes four or five-year renewal options. The property generates a strong net operating income (NOI) of $219,999, resulting in an attractive 8.35% cap rate. The asking price is $2,634,730, translating to $193.45 per square foot. This strategically located asset benefits from its proximity to Louisiana State University and its position in Baton Rouge, Louisiana's capital city. The property's long-standing tenancy with a nationally recognized brand like Walgreens, coupled with its strong financial performance and minimal landlord responsibilities, makes it an ideal addition to any investment portfolio. The property's Class A designation further underscores its quality and desirability. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving market.