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    10460 Norris Ferry Rd Shreveport, LA 71106

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    For Sale
    $5,800,000

    25-year NNN lease with investment-grade tenant CVS in Shreveport.

    Property size:
    13,225 SF
    Lot size:
    2.78 Acres

    Property Features for 10460 Norris Ferry Rd

    General Information

    Size
    13,225 SF
    Lot size
    2.78 Acres

    Source: Sandor/Sand Capital | Arizona Agent Jay D. Stein

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

    Overview

    CVS NNN Lease Investment

    This property features a triple-net (NNN) lease structure, meaning the tenant assumes responsibility for all maintenance and repairs, including the roof and structure, resulting in zero landlord responsibilities. The tenant, CVS, has investment-grade credit and strong financials (CVS Health, S&P: BBB, NYSE: CVS). The property is under a long-term, 25-year lease with options for ten five-year extensions. Constructed between 2016 and 2017, this is a newer building. The assumable self-amortizing financing features a below-market fixed interest rate of 3.901%. The debt structure requires limited equity investment and can generate passive losses that may offset taxable income from other investments. The structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt. The property is located in Shreveport, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Photo Passport Photo Processor LibertyX Bitcoin ATM Atm MoneyGram Money Transfer Service CVS Drug Store

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Nail Salon Gym & Fitness Pharmacy Hotel & Motel Kitchen & Bath Bar & Pub

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

    Similar Places Nearby

    CVS Pharmacy, Walgreens Pharmacy, Kaylee Self, David Spears, Southern Loop Nutrition / Herbalife

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.715107
    Latitude
    32.35255

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    FAQs

    What type of property is this?
    Drug store - 25-year NNN lease with investment-grade tenant CVS in Shreveport.
    Where is this drug store located?
    The property is located at 10460 Norris Ferry Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Strong Credit Tenant: CVS (S&P: BBB; NYSE: CVS) provides financial stability.; - Long-Term Lease: 25-year lease with 10 five-year extensions ensures consistent income.; - Zero Cash Flow Financing: Assumable financing with a below-market fixed 3.901% interest rate.
    (480) 949-9011
    Request Owner's contact information
    10460 Norris Ferry Rd Shreveport, LA 71106
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    Shreveport, LA 71106
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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
    10460 Norris Ferry Rd Shreveport, LA 71106
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