Freestanding Retail Building with
For Sale
Contact for pricing
1223 North Victor II Boulevard, Morgan City, LA 70680
Freestanding retail building includes a built-in drive-thru window and approximately 65 parking spaces under an absolute NNN lease.
Property SizeContact for details
Days on Market125
Property Features for 1223 North Victor II Boulevard
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
(225) 298-1250
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This vacant, freestanding retail building is approximately 11,180 square feet and sits on a lot of approximately 64,033 square feet. The property features a built-in drive-thru window and includes approximately 65 parking spaces.
The asset is offered for sale as an absolute NNN lease arrangement with Walgreens. Public remarks state Walgreens will maintain, insure, and pay property taxes through February 28, 2021, and pay annual rent of $148,749 for the next two years, totaling $297,499 through February 28, 2021. The lease has been in place since 1999.
The asset is offered for sale as an absolute NNN lease arrangement with Walgreens. Public remarks state Walgreens will maintain, insure, and pay property taxes through February 28, 2021, and pay annual rent of $148,749 for the next two years, totaling $297,499 through February 28, 2021. The lease has been in place since 1999.
Key Highlights
- Vacant freestanding Walgreens retail building (approx. 11,180 SF) under an absolute NNN lease in place since 1999
- Absolute NNN lease: Walgreens to maintain, insure, and pay property taxes through Feb 28, 2021
- Lease rent totals $297,499 through Feb 28, 2021 ($148,749 annually over the next two years)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
56k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 19%
Electronics 7%
Hotels & Casinos 5%
Taco Bell
Dining
9,951 visits/mo
0.2 miles
CC's Coffee House
Dining
8,414 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
8,194 visits/mo
0.4 miles
Shoney's
Dining
7,832 visits/mo
0.2 miles
Dollar General
Shops & Services
5,582 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- CVS Pharmacy — 6502 LA-182, Morgan City, LA 70380, United States
- Vivian M. Boutte, RPH — 6502 LA-182 E, Morgan City, LA 70380
- CVS — 6502 LA-182, Morgan City, LA 70380
- Donald Olivier — 6502 LA-182 E, Morgan City, LA 703802034
- Walgreens Pharmacy — Morgan City, LA 70380
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail building includes a built-in drive-thru window and approximately 65 parking spaces under an absolute NNN lease.
Where is this drug store located?
The property is located at 1223 North Victor II Boulevard Morgan City, LA.
What are key features of this property?
This property features: Vacant freestanding Walgreens retail building (approx. 11,180 SF) under an absolute NNN lease in place since 1999; Absolute NNN lease: Walgreens to maintain, insure, and pay property taxes through Feb 28, 2021; Lease rent totals $297,499 through Feb 28, 2021 ($148,749 annually over the next two years)
