1204 Elton Rd Jennings, LA 70546-4136
Property profile & analytics
1204 Elton Rd Jennings, LA 70546-4136
- Commercial real estate
- 1.49 lot acres
Property ID
US36-2439575
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CVS Pharmacy / Pharmacy
- CVS Photo / (Bike/Boat/Book/etc) Store
- Coinhub Bitcoin ATM Teller / Atm
- LibertyX Bitcoin ATM / Atm
- CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 1204 Elton Rd
- Lot size
- 1.49 lot acres
- Property type
- Commercial real estate
- APN
- 221864409
- APU
- 221864409
Description
This exceptional investment opportunity presents a fee-simple interest in a 13,348-square-foot CVS Pharmacy located at 1204 Elton Rd, Jennings, LA 70546. The property, built in 2015, sits on over 1.5 acres and is an outparcel to a Dollar General-anchored retail center, less than one mile from Jennings American Legion Hospital. The property benefits from a strong location with high traffic counts, boasting approximately 34,500 cars per day at the intersection. The CVS Pharmacy operates under a 25.3-year absolute NNN lease, commencing October 16, 2015, and expiring January 31, 2041, leaving over 16 years remaining on the initial lease term. The lease includes ten (10) five (5)-year renewal options and features a drive-thru window. The annual net operating income (NOI) is $237,506, representing a 6.00% cap rate and a price per square foot of $296.55. The asking price is $3,958,400. CVS Pharmacy, a credit-rated tenant with a corporate guarantee, provides significant financial stability and minimal landlord responsibilities. Jennings is conveniently located 40 minutes from Lafayette and 90 minutes from Baton Rouge, LA. This is a rare opportunity to acquire a high-quality, long-term, net-leased investment with a nationally recognized tenant. There are no rent holidays.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,040,000
- ML approach
- $4,110,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jennings
- County
- Jefferson Davis
- State
- Louisiana
- Longitude
- -92.663
- Latitude
- 30.2321
- CBSA code
- 27660
- CBSA name
- JENNINGS, LA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,843
$80,000
$345,000
$425,000
-
$800,000
$2,300,000
$3,100,000
