Drug Store with Absolute NNN
For Sale
Contact for pricing
4400 S Claiborne Ave, New Orleans, LA 70125
Walgreens has operated at the site since 2000 under a long-term lease with multiple extension options.
Property SizeContact for details
Days on Market144
Property Features for 4400 S Claiborne Ave
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:05PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This Walgreens property at 4400 S. Claiborne Ave is subject to an absolute NNN lease, with the tenant responsible for building and property expenses. Approximately 19 years remain on the current term, followed by nine five-year renewal options beginning in 2041. Walgreens has operated at the site since 2000 and signed a new 30-year firm lease in 2011.
The property occupies a signalized corner at S. Claiborne Avenue and Napoleon Avenue in New Orleans. Combined traffic counts at the intersection exceed 43,000 vehicles per day. Ochsner Baptist Medical Center and Hospital, with 550,000+ square feet of buildings on 3.1 acres, is within a block. The surrounding area also includes Tulane University, student housing, apartment and hotel units, the New Orleans Business District, the French Quarter, Caesar Superdome, Smoothie King Center, and Freret Street.
The property occupies a signalized corner at S. Claiborne Avenue and Napoleon Avenue in New Orleans. Combined traffic counts at the intersection exceed 43,000 vehicles per day. Ochsner Baptist Medical Center and Hospital, with 550,000+ square feet of buildings on 3.1 acres, is within a block. The surrounding area also includes Tulane University, student housing, apartment and hotel units, the New Orleans Business District, the French Quarter, Caesar Superdome, Smoothie King Center, and Freret Street.
Key Highlights
- Absolute NNN lease with approximately 19 years remaining
- Nine (5‑year) options begin in 2041
- Walgreens has operated at the site since 2000
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
166k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 33%
Groceries 14%
Apparel 2%
Michaels
Shops & Services
27,590 visits/mo
0.5 miles
Rouses Market
Groceries
23,913 visits/mo
0.3 miles
McDonald's
Dining
22,071 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
22,034 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
15,647 visits/mo
0.1 miles
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ReeNu Body Studio — 5012 Freret St, New Orleans, LA 70115
- Ochsner Baptist,(no Baptist Pharmacy) — 2700 Napoleon Ave, New Orleans, LA 70115
- Avon by Sabriel — 2309 Sixth St Apt 210B, New Orleans, LA 70115
- COVID-19 Drive-Thru Testing at Walgreens — 4400 S Claiborne Ave, New Orleans, LA 70125
- Walgreens Pharmacy — 4400 S Claiborne Ave, New Orleans, LA 70125
Frequently Asked Questions
What type of property is this?
Drug store - Walgreens has operated at the site since 2000 under a long-term lease with multiple extension options.
Where is this drug store located?
The property is located at 4400 S Claiborne Ave New Orleans, LA.
What are key features of this property?
This property features: Absolute NNN lease with approximately 19 years remaining; Nine (5‑year) options begin in 2041; Walgreens has operated at the site since 2000
