2564 Barataria Blvd - Convenience Store FOR SALE


Marrero, LA 70072- Outlying Jefferson Parish
$2,910,000 USD
914-498-2225
2564 Barataria Blvd, Marrero, LA for Sale
$2,910,000 USD
Convenience Store - FOR SALE
1/9
null | 7.15% Cap Rate

2564 Barataria Blvd
Marrero, LA 70072
Outlying Jefferson Parish


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Oak Ridge Plaza | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, CVS Pharmacy investment property located in Marrero, Louisiana. The tenant, CVS, has over 9 years of initial term remaining with 9 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,910,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 9+ Years Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

Commercial

APN/PARCEL ID

0430002749

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.