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CVS 1540 N Market St 15,634 SF Retail Building Shreveport, LA 71107 $1,920,000 ($122.81/SF) 9.75% Cap Rate
Executive Summary
Stabilized Investment Opportunity
Leased to CVS Caremark, featuring zero landlord responsibilities with over 5.5 years remaining on the initial term and (10) 5-year renewal options in place
Low Basis Asset
Provides an investor with the opportunity to acquire the asset on a low basis with below-market rents.
Ideal Demographics
The asset is located within a dense area with over 87,350 residents and an average household income of $56,900 within a 5-mile radius of the site
Corporate Guaranty
Corporately guaranteed lease from CVS Caremark, with over 9,000 locations nationwide, Investment-grade tenant (S&P: BBB | Moody’s: Baa3)
Easily Accessible Site
2 points of Ingress/Egress from Market Street and Hearne Avenue, providing excellent visibility along Market Street with 23,716 VPD
Neighboring National Tenants
Surrounded by tenants such as; McDonald’s, Wendy’s, Popeye’s, Taco Bell, Family Dollar, O’Reilly Auto Parts, Rent-A-Center, and more
Leased to CVS Caremark, featuring zero landlord responsibilities with over 5.5 years remaining on the initial term and (10) 5-year renewal options in place
Low Basis Asset
Provides an investor with the opportunity to acquire the asset on a low basis with below-market rents.
Ideal Demographics
The asset is located within a dense area with over 87,350 residents and an average household income of $56,900 within a 5-mile radius of the site
Corporate Guaranty
Corporately guaranteed lease from CVS Caremark, with over 9,000 locations nationwide, Investment-grade tenant (S&P: BBB | Moody’s: Baa3)
Easily Accessible Site
2 points of Ingress/Egress from Market Street and Hearne Avenue, providing excellent visibility along Market Street with 23,716 VPD
Neighboring National Tenants
Surrounded by tenants such as; McDonald’s, Wendy’s, Popeye’s, Taco Bell, Family Dollar, O’Reilly Auto Parts, Rent-A-Center, and more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,634 SF
Building Class
C
Year Built
2005
Price
$1,920,000
Price Per SF
$122.81
Cap Rate
9.75%
NOI
$187,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.40 AC
Parking
45 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181423-079-0001-00 | Improvements Assessment | $198,787 |
| Land Assessment | $44,547 | Total Assessment | $243,334 |
Property Taxes
Parcel Number
181423-079-0001-00
Land Assessment
$44,547
Improvements Assessment
$198,787
Total Assessment
$243,334
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CVS | 1540 N Market St
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