For Sale
$4,133,333

1000 Acadia RdThibodaux, LA 70301

High-yield Walgreens pharmacy, Louisiana.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant Walgreens pharmacy located at 1000 S Acadia Rd, Thibodaux, LA 70301. The property boasts a 14,820 square-foot building on a 1.86-acre lot, constructed in 2009. The property benefits from a long-term, absolute NNN lease with Walgreens, America's leading retail pharmacy, guaranteeing minimal landlord responsibilities. The lease commenced July 19, 2009, and expires July 30, 2034, leaving a substantial 9.7 years remaining. The current annual net operating income (NOI) is $310,000, representing a 7.50% cap rate on the asking price of $4,133,333 ($278.90/sq ft). The lease includes corporate guarantees and 50, 1-year lease options. This strategically located property sits on a prominent 4-way signalized corner, offering excellent visibility and accessibility. Its proximity to Thibodaux Regional Medical Center and Nicholls State University ensures high traffic and strong demographics. The surrounding area includes numerous national retailers, further enhancing the property's value and potential for long-term growth. Store sales figures are available upon request. This is a rare opportunity to acquire a stable, high-performing investment with a blue-chip tenant in a prime location.

Highlights

  • Absolute NNN lease with Walgreens, eliminating landlord responsibilities.
  • Walgreens pharmacy with 14+ years of operational history at this location.
  • Investment-grade tenant, Walgreens Boots Alliance (WBA), with strong credit ratings (S&P: BBB-, Moody's: Ba1).
  • High-traffic location directly across from Thibodaux Regional Medical Center and its new Wellness Center.
  • Excellent visibility and access at a signalized intersection in a dense retail and medical corridor near Nicholls State University and numerous national retailers.

Property Details for 1000 Acadia Rd

Property type
Retail properties, Drug stores
Square Feet
14,820 SF
Class
A
Year Built
2009
Stories
1
Lot Size (sq. ft)
81,022 SF
Units
1

Location Insight

City
Thibodaux
County
Lafourche Parish
State
Louisiana
Latitude
29.78156138
Longitude
-90.80834773
1000 Acadia Rd, Thibodaux, Louisiana

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1000 Acadia Rd
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