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Drug Store

CVS Pharmacy

1801 Jefferson Hwy, New Orleans, LA 70121

Listing Price: $8,791,262

Cap Rate
5.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.10

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1801 Jefferson Highway, New Orleans, Louisiana. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$452,750. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Investment Highlights

  • Long-Term Absolute Triple Net (NNN) Lease Approximately 13.87 Years Remaining
  • CVS Corporate Guaranty | Investment-Grade Credit
  • Fee Simple Ownership

Exclusively Listed By

Listing Price: $8,791,262

Cap Rate
5.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.10

Investment Highlights

  • Long-Term Absolute Triple Net (NNN) Lease Approximately 13.87 Years Remaining
  • CVS Corporate Guaranty | Investment-Grade Credit
  • Fee Simple Ownership

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1801 Jefferson Highway, New Orleans, Louisiana. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$452,750. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Exclusively Listed By

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