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4540 Highway 22
13,813 SF Retail Building Mandeville, LA 70471 $4,787,233 ($347/SF) 9% Cap Rate
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Heavy Traffic Counts | 20,100+ Vehicles Per Day on US Hwy 22
- Large 1.5 ACRE Lot with a Drive-Thru Pharmacy
- Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
- Long Term Lease | 11+ Years Remaining on the Lease
- Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday
Executive Summary
1.5 Acres with a Drive Thru Pharmacy benefits from being strategically located on Highway 22, which sees over 20,147
cars per day. The property is close to several retailers and large residential communities with over 39,242 people residing in a
3-Mile Radius. The property is perfect for a principal looking for a passive investment with a long term, Absolute NNN Lease with a Corporate Guarantee from a Credit Tenant.
Property Facts
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 59634 | Improvements Assessment | $168,269 |
| Land Assessment | $62,073 | Total Assessment | $230,342 |
PROPERTY TAXES
-
Patrick Conway -
CBRE
Presented by
4540 Highway 22
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