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108 W California Ave
Ruston, LA 71270

$4,194,211 USD

Drugstore For Sale  •  14,550 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,550 SF
  • Lot Size 1.6 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 9.50 %
  • Tenancy Single
0 Transit Score
74 Walk Score

Highlights

List price of $4,194,211 yielding a 9.50% cap rate
Over 7.25 Years Remaining on the primary lease term including fifty, one-year options to extend.
Absolute NNN Lease – With zero landlord responsibilities, providing investors with a management free investment.
Sales Reporting Location – Contact broker for details.
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
In the heart of Ruston’s central business district (CBD), the property is located in a highly walkable area surrounded by other national tenants.
Cap Rate: 9.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 12/7/2032

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Monroe Regional 46 min - 37.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Edward Desimone 732-832-5414 Matthews Real Estate Investment Services
Edward Desimone 732-832-5414 Matthews Real Estate Investment Services