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2101 N Collins Blvd
Covington, LA 70433
Retail Property For Sale
Investment Highlights
- TERM REMAINING (7 YEARS) - Primary Term expires 1/31/2033. CVS has operated from this location since 2008.
- ACTIVE RETAIL TRADE AREA - Property is located at the corner of a signalized intersection adjacent to two strip centers and numerous national tenants.
- DRIVE THRU PHARMACY
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
- HIGH AVERAGE HOUSEHOLD INCOME ($112,240 in 5-Mile Radius) AND HIGH TRAFFIC COUNTS (21,319 VPD)
- CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation.
Executive Summary
Price Inclusive of Full Rent Credit for Rent Holiday: 2/2030 - 1/2033
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,644 SF
Building Class
C
Year Built
2007
Price
$4,236,000
Price Per SF
$310.47
Cap Rate
9.50%
NOI
$402,209
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.99 AC
Property Taxes
| Parcel Number | 22270 | Improvements Assessment | $212,244 |
| Land Assessment | $0 | Total Assessment | $212,244 |
Property Taxes
Parcel Number
22270
Land Assessment
$0
Improvements Assessment
$212,244
Total Assessment
$212,244
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