CVS - New Orleans, LA
Retail | 8.50% CAP | 13,013 SqFt
Marketing description
We are pleased to present an exceptional investment opportunity with a well-established, fully leased property in the heart of New Orleans, Louisiana. This offering includes a prime real estate asset with 9.7 years remaining on the lease and a tenant backed by investment-grade credit, ensuring long-term stability and cash flow. The property is strategically located in a high-traffic area of New Orleans, benefiting from strong local demand and proximity to key commercial and residential areas, ensuring continued success for the tenant. This location is ideal for businesses looking for long-term stability, offering the security of an absolute NNN lease, which places all responsibility for property expenses on the tenant, making this a truly hands-off investment for the owner. With nearly 10 years of lease term remaining, this property provides a secure, reliable income stream backed by a high-quality tenant in a robust and growing market. It represents a unique opportunity for investors seeking a stable, low-risk addition to their portfolio in one of the most dynamic cities in the U.S. For more details on this investment, please contact us directly.
Investment highlights
- CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the US | Revenues of $357.8 Billion | #6 on Fortune 500
- Over 9.7 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
- Central Location to Medical Centers | Proximity to Senior Living Facilities | Provides Consistent Customer Base & Drives Profitable Prescription Business
- Real Estate Advantage | Frontage to General de Gaulle Drive (30,000 CPD) | Affluent Demographics | Minutes to Downtown New Orleans
- Major Retail/Travel Corridor | Only 4 Miles from US Hwy 90 (60,000+ CPD) | Direct Access to Downtown New Orleans | Dense Retail Trade Area
- Located in City of New Orleans | Economic Hub for the Gulf Coast Region | Diverse Economy | New Development in Downtown Bismarck
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