1000 Acadia Rd Thibodaux, LA 70301-5076

Property Details for 1000 Acadia Rd

Lot size

2.00 lot acres

Property size

14,168 SF

Property type

Commercial real estate

APN

20570100

APU

20570100

Description

This exceptional investment opportunity presents a fee-simple, Class A, single-tenant Walgreens pharmacy located at 1000 S Acadia Rd, Thibodaux, LA 70301. The property boasts a 14,820 square-foot building on a 1.86-acre lot, constructed in 2009. The property benefits from a long-term, absolute NNN lease with Walgreens, America's leading retail pharmacy, guaranteeing minimal landlord responsibilities. The lease commenced July 19, 2009, and expires July 30, 2034, leaving a substantial 9.7 years remaining. The current annual net operating income (NOI) is $310,000, representing a 7.50% cap rate on the asking price of $4,133,333 ($278.90/sq ft). The lease includes corporate guarantees and 50, 1-year lease options. This strategically located property sits on a prominent 4-way signalized corner, offering excellent visibility and accessibility. Its proximity to Thibodaux Regional Medical Center and Nicholls State University ensures high traffic and strong demographics. The surrounding area includes numerous national retailers, further enhancing the property's value and potential for long-term growth. Store sales figures are available upon request. This is a rare opportunity to acquire a stable, high-performing investment with a blue-chip tenant in a prime location.

Location Insight

City

Thibodaux

County

Lafourche

State

Louisiana

Longitude

-90.8085

Latitude

29.7811

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments