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Drug Store

CVS Pharmacy

2831 Belle Chasse Hwy, Terrytown, LA 70056

Listing Price: $9,959,184

Cap Rate
5.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
12,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.04

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located just outside of Downtown New Orleans. The property consists of roughly 12,200 rentable square feet of building space on an estimated 1.02 acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. CVS Pharmacy benefits from its location on Belle Chase Highway as the site sees over 85,000 vehicles each day. The site is located just 7 miles from Downtown New Orleans which brings increased traffic on a daily basis as well as strong population density including over 95,000 people residing within three miles of the property.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 13 Years of Term Remaining
  • Urban Infill Location | CVS is Unlikely to Relocate Due to the High Barriers to Entry
  • Located Just 7 Miles from Downtown New Orleans
  • Located on a Major Throughway with Over 85,000 Vehicles Passing the Site Per Day
  • Over 95,000 Residents Live Within Three Miles of this CVS Property
  • Investment Grade Credit: CVS Corporate (S&P: BBB)

Exclusively Listed By

Financing By

Listing Price: $9,959,184

Cap Rate
5.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
12,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.04

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 13 Years of Term Remaining
  • Urban Infill Location | CVS is Unlikely to Relocate Due to the High Barriers to Entry
  • Located Just 7 Miles from Downtown New Orleans
  • Located on a Major Throughway with Over 85,000 Vehicles Passing the Site Per Day
  • Over 95,000 Residents Live Within Three Miles of this CVS Property
  • Investment Grade Credit: CVS Corporate (S&P: BBB)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located just outside of Downtown New Orleans. The property consists of roughly 12,200 rentable square feet of building space on an estimated 1.02 acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. CVS Pharmacy benefits from its location on Belle Chase Highway as the site sees over 85,000 vehicles each day. The site is located just 7 miles from Downtown New Orleans which brings increased traffic on a daily basis as well as strong population density including over 95,000 people residing within three miles of the property.

Exclusively Listed By

Financing By

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