Retail Business for Sale in Thibodaux, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Thibodaux, LA 70301

Description

LONG-TERM ABSOLUTE NNN LEASE The subject retail pharmacy operates under a long-term, corporate, absolute NNN lease with no landlord maintenance or management responsibilities whatsoever. WELL-ESTABLISHED RETAIL PHARMACY The subject property is a well-established Walgreens retail pharmacy store with over 14 years of operational history at this location. WALGREENS - AMERICA’S #1 RETAIL PHARMACY Walgreen Boots Alliance (Nasdaq: WBA) is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day. The company operates more than 12,500 locations across the U.S., Europe, and Latin America. The subject property lease is guaranteed by Walgreen Co., which carries a “BBB-” rating from Standard & Poors and “Ba1” from Moody’s. ADJACENT TO THE THIBODAUX REGIONAL MEDICAL CENTER The subject property is situated directly across from the Thibodaux Regional Medical Center, a 180-bed hospital and emergency center. The hospital offers specialized services such as heart surgery, oncology, neurology, orthopedic surgery, sports medicine, and much more. Thibodaux Regional Health recently opened a 242,000 square-foot Wellness Center adjacent to the hospital. 4-WAY SIGNALIZED CORNER WITH LIMITED COMPETITION The subject property sits at the prominent 4-way signalized corner of Audubon Avenue and South Acadia Road, with excellent visibility and access. The property is strategically located in a medical and retail hub. National retailers in the immediate area include McDonald’s, Rouses Markets, Subway, Popeye’s, Walmart Neighborhood Market, Domino’s, Chick-fil-A, and more. Investment Highlights: • WELL-ESTABLISHED LOCATION (14-YEARS OF OPERATIONAL HISTORY) • LONG-TERM ABSOLUTE NNN LEASE • ACROSS FROM REGIONAL HOSPITAL | 4-WAY SIGNALIZED CORNER

Market Context

This retail in Thibodaux, LA is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 52 days. Compare it against other retail listings for sale in Thibodaux, LA — <a href="/search/sale/retail/louisiana/thibodaux">view the full market</a>.

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