888 Terry Pky - Convenience Store FOR SALE


Terrytown, LA 70056
$3,100,000 USD
914-498-2225
888 Terry Pky, Terrytown, LA for Sale
$3,100,000 USD
Convenience Store - FOR SALE
1/9
null | 7.5% Cap Rate

888 Terry Pky
Terrytown, LA 70056


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Towne Square Shopping Center | Near Outlets At Orange
  • 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 Terrytown, Louisiana. The tenant, CVS, has over 9 years of lease 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

$3,100,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.5%

% 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

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C1

APN/PARCEL ID

0200000847,3200289604

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.