This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4540 Highway 22

13,813 SF Retail Building Mandeville, LA 70471 £3,745,771 (£271/SF) 9% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Heavy Traffic Counts | 20,100+ Vehicles Per Day on US Hwy 22
  • Large 1.5 ACRE Lot with a Drive-Thru Pharmacy
  • Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
  • Long Term Lease | 11+ Years Remaining on the Lease
  • Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday

Executive Summary

CBRE is pleased to present a CVS for sale located at 4540 Louisiana Highway 22. The 14,813 Square Foot Building on
1.5 Acres with a Drive Thru Pharmacy benefits from being strategically located on Highway 22, which sees over 20,147
cars per day. The property is close to several retailers and large residential communities with over 39,242 people residing in a
3-Mile Radius. The property is perfect for a principal looking for a passive investment with a long term, Absolute NNN Lease with a Corporate Guarantee from a Credit Tenant.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
C
Year Built
2008
Price
£3,745,771
Price Per SF
£271
Net Initial Yield
9%
NOI
£337,119
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
1.50 AC
Parking
59 Spaces (4.27 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

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 End
Retailer - - -

Nearby Major Retailers

Anytime Fitness
PJ's Coffee
Cross Fit Mandeville
Rouses Markets
Chicken Salad Chick
Fresh Market
New Orleans Original Daiquiris
Pure Barre
Cafe Du Monde
Hwy 55 Burgers Shakes & Fries

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
59634
Land Assessment
£48,569
Improvements Assessment
£131,662
Total Assessment
£180,231
  • Listing ID: 33871245

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 4540 Highway 22, Mandeville, LA 70471

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}