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    3621 General Degaulle Dr, Unit | New Orleans New Orleans, LA 70114

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    For Sale
    $5,330,000

    NNN leased CVS with over 9.7 years remaining on lease.

    Property size:
    13 SF

    Property Features for 3621 General Degaulle Dr

    General Information

    Size
    13 SF

    Source: Ryan Bennett Agent Ryan Bennett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Retail Investment Opportunity

    This NNN retail property is located in the city of New Orleans, the economic hub for the Gulf Coast region, and benefits from a diverse economy. The property is leased to CVS Health Corp, an investment-grade credit tenant (S&P: BBB), the largest pharmacy in the US, with revenues of $357.8 billion and ranked #6 on the Fortune 500. The absolute NNN lease provides a long-term passive income stream. The property has frontage on General de Gaulle Drive, which sees 30,000 cars per day. It is located in a dense retail trade area and is only 4 miles from US Hwy 90, which sees over 60,000 cars per day, providing direct access to downtown New Orleans. The property's central location near medical centers and senior living facilities provides a consistent customer base and drives a profitable prescription business. The lease has over 9.7 years remaining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor LibertyX Bitcoin ATM Atm Buy Bitcoin Crypto Atm UPS Access Point ... Shipping And Mailing Service Cardtronics ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Randy S. Carr, RPh, Stephen Le, Alvin Ruiz, Vincent Culotta, Body Sculpting by Brie

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0208215
    Latitude
    29.9240774

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    FAQs

    What type of property is this?
    Drug store - NNN leased CVS with over 9.7 years remaining on lease.
    Where is this drug store located?
    The property is located at 3621 General Degaulle Dr, Unit | New Orleans New Orleans, LA.
    What is the asking price?
    The asking price for this property is $5,330,000.
    What are key features of this property?
    This property features: - Investment grade credit tenant (CVS Health Corp, S&P: BBB) offers a secure investment.; - Long-term passive income stream with over 9.7 years remaining on lease term.; - Absolute NNN lease provides a hands-off investment opportunity.
    (760) 519-0240
    Request Owner's contact information
    3621 General Degaulle Dr, Unit | New Orleans New Orleans, LA 70114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3621 General Degaulle Dr, Unit | New Orleans New Orleans, LA 70114
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