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2910 E MILTON AVE Youngsville LA 70592-6766

[Locked] • APN 6136588

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Details
Property Type Land, Retail
Building SqFt 81,021
Lot SqFt 80,170
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code NZ
Year Built 2010
Building Count 1
Opportunity Zone No
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******
Sold Price/SqFt ******

Property History

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Property Type
Property Type
Retail, Land
Marketing Description

Exclusively offered by Stirling Investment Advisors, the property presents an opportunity to purchase a CVS ground lease with zero landlord responsibilities. This is an Absolute NNN lease with 11+ years of fixed term remaining. Renewal options include Nine (9) - 5-year option periods increasing at a rate of 6% in each option.

The pharmacy is strategically located on a hard-corner within a well-established retail corridor. The CVS outparcel sits in front of Rouses Market, a dominant regional grocery store chain. The building includes a drive-thru and multiple points of ingress and egress.

CVS dominates the market and is the largest pharmacy care provider in the United States with offerings across the entire spectrum of pharmacy care. It operates in 49 states as well as Puerto Rico and the District of Columbia. It employs over 300K people and recently announced it was adding much needed labor to its workforce. This is an investment opportunity that will provide stabilized income for years to come.

Investment Highlights
  • Absolute NNN Leasehold - Manage with Ease

  • 11+ Years Remaining on Absolute NNN Lease - Zero Landlord Responsibilities

  • Renewal Options totaling 45 years

  • Nine (9) - 5-Year Renewal Option Periods

  • Fixed 6% Rental Increase at Each Option

  • Iconic Asset and Pride Owning America’s #1 Retail Drugstore Chain

  • Superior Retail Location in Youngsville, LA

  • Strategically Positioned Outparcel Located on Hard-Corner

  • Located in Front of Rouses Market - A Dominant Regional Chain

  • Multiple Points of Ingress & Egress | Drive-Thru Pharmacy

  • Strong Demographics - Avg. HH Income: $86,414 within a 1-Mile Radius

  • Excellent 1031 Exchange Asset

  • Investment Grade Tenant / S&P: BBB/Stable Guaranty (CVS)

  • Investment Grade Credit - Reliable Income Streams

  • Stable Income - Fixed Rental Increases At Each Option

  • $55+ Billion in CVS Corporate Revenue - Net Income in Excess of $1.6+ Billion

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
JL
Justin Langlois, CCIM, SIOR PRO
•••.•••.0287
•••••lois@••••••••••••.com
Brokerage logo
Listing removed on
 BY:
BL
Beezie Landry
•••.•••.3781
•••ndry@••••••••••••.com
Brokerage logo

Map

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