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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 as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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