625 Homer Rd - Drug Store FOR SALE


Minden, LA 71055
$3,611,111 USD
619-297-0055
625 Homer Rd, Minden, LA for Sale
$3,611,111 USD
Drug Store - FOR SALE
1/3
null | 9% Cap Rate

625 Homer Rd
Minden, LA 71055


HIGHLIGHTS

  • The nearest alternative Walgreens location is situated more than 26 miles away.
  • Exceeds the CVS property directly across the street by over 100,000 visits, according to data from Placer.Ai.
  • This Walgreens is positioned on Homer Road, the main retail corridor in Minden with numerous national and regional retailers.
  • 1.1 Mi E of Minden Medical Center, a 161 bed acute care facility, being the only hospital serving a population of more than 70,000 people.
  • Walgreens has been operating at this location for approximately 12 years.

OVERVIEW

This investment opportunity boasts a solid 9.00% CAP rate, featuring an annual net operating income of $325,000. With a monthly rent of $27,083 and a lease in place since May 1, 2013, this property offers stability and growth potential. Located in the heart of Minden, Louisiana, this Walgreens stands out for its strategic position on the main retail corridor, ensuring high foot traffic and minimal competition. The property has a 12-year operating history, serving a population of over 20,000 people in the area. The location has firm term remaining of 8 years and multiple renewal options. Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, LA BROK.0995684990-ASA

FOR SALE DETAILS

PRICE

$3,611,111 USD

PRICE/SF

$265 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Louisiana Walgreens | Nearest Walgreens 26 Mi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

113538

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.