Many, LA - Walgreens

Description:

• The tenant just signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 5% rental increases every 5 years during the initial lease term and options thereafter, growing NOI and hedging against inflation
• Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico

• The subject property is located at the signalized, hard corner intersection of Hill St and San Antonio Ave which combined average 20,700 VPD
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Taco Bell, Burger King, McDonald’s, Tractor Supply, O’Reilly Auto Parts, Autozone, and many more
• The asset benefits from excellent visibility via significant street frontage and a large pylon sign