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CVS | 9+ Years Remaining 2564 Barataria Blvd 9,456 SF Retail Building Marrero, LA 70072 $3,317,786 CAD ($350.87 CAD/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Oak Ridge Plaza | Dense Retail Corridor
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, CVS Pharmacy investment property located in Marrero, Louisiana. The tenant, CVS, has over 9 years of initial term remaining with 9 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,456 SF
Building Class
B
Year Built
1981
Price
$3,317,786 CAD
Price Per SF
$350.87 CAD
Cap Rate
8.75%
NOI
$290,306 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.23 AC
Zoning
Commercial
Parking
43 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
226’ on Barataria Boulevard
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0430002749 | Improvements Assessment | $69,081 CAD |
| Land Assessment | $65,359 CAD | Total Assessment | $134,440 CAD |
PROPERTY TAXES
Parcel Number
0430002749
Land Assessment
$65,359 CAD
Improvements Assessment
$69,081 CAD
Total Assessment
$134,440 CAD
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CVS | 9+ Years Remaining | 2564 Barataria Blvd
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