• An Award Winning Net Lease & Retail Commercial Real Estate Group

CVS Absolute NNN Lease

20 W 10th St, Donaldsonville, LA 70346, USA
$3,600,000

Description

Marcus & Millichap is pleased to present for sale this 9,800 square foot freestanding CVS Pharmacy in Donaldsonville, Louisiana. This CVS has more than 13 years remaining on the base term of its Absolute NNN Lease, with five percent increases in each of the six five-year option periods.
Located at the signalized intersection of West 10th Street and State Route 1, this CVS has exposure to more than 28,129 vehicles per day and benefits from over 14,453 full time residences with
a house hold income exceeding $62,008 annually.
There are numerous national and regional retailers surrounding the area including Chevron, NAPA Auto Parts, Cricket Wireless, Pizza Hut, Shell, McDonald’s, Boost mobile, Dollar General,
Wendy’s, Walmart and Anytime Fitness among others.
CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com. It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. Most of these clinics are located within CVS stores.

  • Absolute Net Lease “No Landlord Responsibility“
  • Guaranteed by CVS Corporate (NYSE:CVS) S&P Rated BBB+
  • Approximately 13 Years Remaining in Initial 25-Year Term
  • Located at a Hard Corner Signalized Intersection with Exposure to More than 28,129 Vehicles Per Day
  • House Hold income Exceeding $62,008 in the Market Area
  • Full Service Drive-Thru Window

Property Documents

  • City: Donaldsonville
  • State/county: Louisiana
  • Zip/Postal Code: 70346
  • Country: United States

Detail

  • Price: $3,600,000

Additional details

  • CAP Rate: 5.75%
  • NOI: $207,270

Features