Listed by Quantum Real Estate Advisors
$1,920,000
1540 N. Market St., Shreveport, LA
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,634
Cap Rate 9.75%
NOI $186,751
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/31/2032
Price per SqFt $123
Year Built 2005
Acreage 1.400
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 12/01/2006
Ground Lease No
Retail | 9.75% CAP | 15,634 SqFt
Investment highlights
- Leased to CVS Caremark, featuring zero landlord responsibilities with over 5.5 years remaining on the initial term and (10) 5-year renewal options in place
- Corporately guaranteed lease from CVS Caremark, with over 9,000 locations nationwide, Investment grade tenant (S&P: BBB | Moody's: Baa3)
- Provides an investor with the opportunity to acquire the asset on a low basis with below market rents
- 2 points of Ingress/Egress from Market Street and Hearne Avenue providing excellent visibility along Market Street with 23,716 VPD
- The asset is located within a dense area with over 87,350 residents and an average household income of $56,900 within a 5-mile radius of the site
- Surrounded by tenants such as; McDonald's, Wendy's, Popeye's, Taco Bell, Family Dollar, O'Reilly Auto Parts, Rent-A-Center, and more
Listing Contacts
Listed by Quantum Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$186,751.00
$15,562.58/mo
Valuation Metrics
0
DSCR
9.73%
Cap Rate
9.73%
ROI
Map
Zoning
I-MU MixedMixed UseIndustrial Mixed Use
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View all 142 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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