1204 Elton Rd, Jennings, LA 70546-4136

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.