Walgreens: Thibodaux, LA
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. The property is also located just south of the Nicholls State University campus.
(1) Walgreen Co., the Guarantor under the Lease, has been rated “BBB-” from S&P and carries a rating of “Ba1” from Moody’s. Buyer is responsible for verifying during the Due Diligence. Sources: www.standardandpoors.com, www.moodys.com www.walgreensbootsalliance.com, Yahoo Finance
LA Broker of Record: Steve Greer
Lic: BROK.995710346-ACT
