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108 W California Ave
Ruston, LA 71270
Walgreens · Retail Property For Sale
Investment Highlights
- List price of $3,794,762 yielding a 10.50% cap rate
- Absolute NNN Lease – With zero landlord responsibilities, providing investors with a management free investment.
- 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
- Over 7.25 Years Remaining on the primary lease term including fifty, one-year options to extend.
- Sales Reporting Location – Contact broker for details.
- In the heart of Ruston’s central business district (CBD), the property is located in a highly walkable area surrounded by other national tenants.
Executive Summary
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2007
Price
$5,316,651 CAD
Price Per SF
$365.41 CAD
Cap Rate
10.50%
NOI
$558,248 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.60 AC
Opportunity Zone
Yes
Parking
42 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
282’ on W California
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 3714 | Improvements Assessment | $296,022 CAD |
| Land Assessment | $70,159 CAD | Total Assessment | $366,182 CAD |
Property Taxes
Parcel Number
3714
Land Assessment
$70,159 CAD
Improvements Assessment
$296,022 CAD
Total Assessment
$366,182 CAD
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