1435 W Tunnel Blvd
Houma, LA 70360

Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a Walgreens property located at 1435 W Tunnel Blvd, Houma, LA 70360 (the Property ). The Property is located on Tunnel Blvd, a significant east/west thoroughfare in Houma, and is 60 miles southwest of downtown New Orleans. The Property is +/- 14,490 square feet with a drive-thru pharmacy. Walgreens is operating under a 25 year base lease term, with 12 years remaining. Additionally, the lease is Absolute NNN with zero landlord responsibilities for the property. Walgreen' s Co. is a Fortune 500 Company and had FY2015 revenue of $103.44 billion and net income of $1.93 billion. As of August 31, 2015, Walgreen' s Co.' s net worth was in excess of $30.86 billion. The company had a market capitalization of $96.12 billion as of November 3, 2015, and currently holds a BBB rating by Standard and Poor' s. Houma is the only city and the parish seat of Terrebonne Parish. The city is located in southern Louisiana approximately 55 miles from New Orleans. An estimated 2013 population of 34,040 makes Houma the largest principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area. Although Houma may be the only city in Terrebonne Parish, there are many unincorporated areas that are directly adjacent. If the populations in these areas were included in Houma' s census count the total would exceed 60,000 residents. Houma is strategically located centrally to New Orleans, Baton Rouge, and Lafayette. The town is also located at the intersection of two water superhighways, the Gulf Intracoastal Waterway and the Houma Navigation Canal, which is a twenty-six mile trip to the Gulf of Mexico. The Parish of Terrabonne consists of approximately 108,690 people, but also draws its skilled workforce from a four parish region which includes approximately 276,417 people. Houma, serves as the primary hub for the Terrebonne' s government and its financial epicenter. The Houma economy is very strong and poised for expansion.