1435 W Tunnel Blvd Houma, LA 70360

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Sabrina Sapienza · License #BROK.995710215-ACT

Source Crexi

Added: Apr 11 Updated: Jul 21 at 9:32PM Checked: Jul 21 at 9:32PM

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Investment Insights

Based on property information with market context.

Fee simple interest (land and building ownership) is offered for an absolute NNN leased Walgreens investment property. The lease is corporate guaranteed and described as investment grade (S&P: BBB) with 24-hours-a-day operation, and the tenant has over five years of term remaining plus ten (five-year) renewal options. The offering is presented as absolute NNN with zero landlord responsibilities. The store’s interior and exterior have been completely renovated by the tenant, and the roof renovation is currently in process.

The Walgreens is located at a signalized hard corner intersection in the New Orleans MSA, with access provided by multiple points of ingress and egress. The property includes a drive-through pharmacy and a large pylon sign for visibility along both cross streets. The location is reported as averaging over 72,900 vehicles per day.

The subject site sits within a dense retail corridor featuring numerous national and credit tenants, including Walmart Supercenter, Home Goods, Lowe’s, Best Buy, Academy Sports + Outdoors, Target, and Home Depot. The surrounding area is supported by reported trade area population and employment figures.

Key Highlights

• Absolute NNN Walgreens investment with fee simple ownership (land & building)
• Corporate‑guaranteed lease with tenant Walgreen Louisiana Co., Inc.; over 5 years of term remaining plus 10 (5‑year) options
• 24‑hours‑a‑day operation with drive‑thru pharmacy

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FAQs

What type of property is this?

NNN property - Absolute NNN Walgreens with drive-through pharmacy, corporate guarantee, and 24-hours-a-day operation.

Where is this nnn property located?

The property is located at 1435 W Tunnel Blvd Houma, LA.

What are key features of this property?

This property features: Absolute NNN Walgreens investment with fee simple ownership (land & building); Corporate‑guaranteed lease with tenant Walgreen Louisiana Co., Inc.; over 5 years of term remaining plus 10 (5‑year) options; 24‑hours‑a‑day operation with drive‑thru pharmacy