CVS NNN Lease
For Sale
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10460 Norris Ferry Rd, Shreveport, LA
25-year NNN lease with investment-grade tenant CVS in Shreveport.
Property Size13,225 SF
Lot Size2.78 Acres
Price / SF$438.56
Days on Market1378
Property Features for 10460 Norris Ferry Rd
General Information
Standard status
Active
Size
13,225 SF
Lot size
2.78 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Wallace Lake
Listing Agency:
Sandor/Sand Capital | Arizona
(480) 949-9011
Listed By:
Andrew Lau
(480) 385-1327
Source:
Moodyscre
Added: Jan 20, 2023
Changed: Oct 25
Last Checked: Oct 28 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital | Arizona
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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Current Use
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Trade Area within ½ mile
121
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Southern Loop Nutrition / Herbalife — 1939 Southern Loop Suite S, Shreveport, LA 71106
- CVS Pharmacy — 10460 Norris Ferry Rd, Shreveport, LA 71106
- Kaylee Self — 10460 Norris Ferry Rd, Shreveport, LA 711068330
- David Spears — 10460 Norris Ferry Rd, Shreveport, LA 71106
- Walgreens Pharmacy — 10465 Norris Ferry Rd, Shreveport, LA 71106
Frequently Asked Questions
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.
