NNN Retail Investment
For Sale
$5,330,000
3621 General De Gaulle Dr, New Orleans, LA 70114
NNN leased CVS with over 9.7 years remaining on lease.
Property Size13,013 SF
Price / SF$410,000
Days on Market347
Property Features for 3621 General De Gaulle Dr
General Information
Standard status
Active
Size
13,013 SF
Property subtype
Retail
Building Details
Building Size
13,013 SF
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CalDRE #01826517
(760) 519-0240
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 22
Last Checked: Aug 22 at 4:28AM
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 Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
127k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 42%
Electronics 4%
Beauty & Spa 1%
McDonald's
Dining
24,456 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
14,604 visits/mo
0.4 miles
Capital One Bank
Shops & Services
12,744 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,361 visits/mo
0.3 miles
Exxon
Shops & Services
11,937 visits/mo
0.2 miles
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Similar Off Market Nearby
- Randy S. Carr, RPh — 3500 Holiday Dr, New Orleans, LA 70114
- Stephen Le — 3500 Holiday Dr, New Orleans, LA 701148229
- Alvin Ruiz — 4110 General De Gaulle Dr, New Orleans, LA 701318231
- Vincent Culotta — 4110 General De Gaulle Dr, New Orleans, LA 701318231
- Body Sculpting by Brie — 4480 General De Gaulle Dr Suite 202, New Orleans, LA 70131
Frequently Asked Questions
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 De Gaulle Dr 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.
