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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.

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
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.11
Land Acres
2.78 AC
Zoning
C
Parking
60 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
306 ft on Norris Landing Boulevard

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • -

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
161320-000-0096-00
Land Assessment
£121,801
Improvements Assessment
£172,803
Total Assessment
£294,604
  • Listing ID: 25256746

  • Date on Market: 15/03/2022

  • Last Updated:

  • Address: 10460 Norris Ferry Rd, Shreveport, LA 71106

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