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CVS Pharmacy 10460 Norris Ferry Rd 13,225 SF 4-Star Retail Building Shreveport, LA 71106 For Sale
Executive Summary
Rare opportunity to acquire newer CVS Zero Cash Flow Properties from recent CVS sale-leaseback portfolio.
Long-Term Leases: Newer 25-year leases
Absolute NNN: Absolutely no landlord responsibilities
Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% interest rate.
Perfect 1031 Exchange Asset: The ZCF structure and paydown readvance allow for the perfect 1031 up-leg as it allows owners to withdraw equity and sit on the sidelines rather than acquiring other assets with aggressive cap rates.
Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
Also available as a Free-and-Clear Investment — contact us for more information.
Long-Term Leases: Newer 25-year leases
Absolute NNN: Absolutely no landlord responsibilities
Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% interest rate.
Perfect 1031 Exchange Asset: The ZCF structure and paydown readvance allow for the perfect 1031 up-leg as it allows owners to withdraw equity and sit on the sidelines rather than acquiring other assets with aggressive cap rates.
Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
Also available as a Free-and-Clear Investment — contact us for more information.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.11
Lot Size
2.78 AC
Zoning
C
Parking
60 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 161320-000-0096-00 | Improvements Assessment | $218,735 |
| Land Assessment | $154,177 | Total Assessment | $372,912 |
Property Taxes
Parcel Number
161320-000-0096-00
Land Assessment
$154,177
Improvements Assessment
$218,735
Total Assessment
$372,912
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CVS Pharmacy | 10460 Norris Ferry Rd
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