4540 Highway 22 - Drug Store FOR SALE


Mandeville, LA 70471
$4,787,233 USD
818-907-4696
4540 Highway 22, Mandeville, LA for Sale
$4,787,233 USD
Drug Store - FOR SALE
1/5
null | 9% Cap Rate

4540 Highway 22
Mandeville, LA 70471


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,787,233 USD

PRICE/SF

$347 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

59634

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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