Pictures of Retail property located at 5044 Ambassador Caffery Pkwy, Lafayette, LA 70508 for sales - image #1

Pictures of Retail property located at 5044 Ambassador Caffery Pkwy, Lafayette, LA 70508 for sales - image #2

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CVS

Retail | 9.00% CAP | 13,037 SF

Listing Contacts

Patrick Conway
PRO
License: CA 01894502
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Asking Price: $4,940,077

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Address

5044 Ambassador Caffery Pkwy, Lafayette, LA 70508

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Date Added

Jan 6, 2025

Days on Market

164 days

Time Since Last Update

56 days

Details

Property TypeRetail

SubtypePharmacy/Drug

Investment TypeNet Lease

Lease TypeAbsolute NNN

Tenant CreditCredit Rated, Corporate Guarantee

TenancySingle

Brand/TenantCVS Pharmacy

Lease Expiration01/31/2035

Remaining Term9.6 years

Square Footage13,037

Price/Sq Ft$378.93

Cap Rate9.00%

Occupancy100%

NOI$444,607

Units1

Year Built2008

Buildings1

Stories1

Lot Size (acres)1.69

Parking (spaces)40

Broker Co-OpYes

Lease Options10, 5-Year Options

OwnershipFee Simple

INTELLIGENCE

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Marketing Description

CBRE is pleased to present a CVS for sale located at 5044 Ambassador Caffery Rd. The 13,037 Square Foot Building on 1.69 Acres with a Drive Thru Pharmacy benefits from being strategically located on Ambassador Caffery Rd, which sees over 28,000 cars per day. The property is close to several retailers and large residential communities with over 57,662 people residing in a 3-Mile Radius. This site has a 3 year rent holiday the three years of primary lease term. 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.

Investment Highlights

Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
Heavy Traffic Counts | 28,000+ Vehicles Per Day on Ambassador Caffery Rd
Absolute NNN Lease | Zero Landlord Responsibilities
Surrounded by national retailers and hotels including Costco, Target, Courtyard Marriott, Popeyes, Chic-fil-a, TopGolf, and many more
Large 1.69 ACRE Lot with a Drive-Thru Pharmacy