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CVS Pharmacy 5044 Ambassador Caffery Pky

13,037 SF Retail Building Lafayette, LA 70508 $4,940,077 ($379/SF) 9% Cap Rate

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Investment Highlights

Absolute NNN Lease | Zero Landlord Responsibilities
Heavy Traffic Counts | 28,000+ Vehicles Per Day on Ambassador Caffery Rd
Large 1.69 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

CBRE is pleased to present a CVS for sale located at 5044 Ambassador Caffery Rd. The 13,037 Square Foot Building on 1.69 Acres with a Drive Thru Pharmacy benefits from being strategically located on Ambassador Caffery Rd, which sees over 28,000 cars per day. The property is close to several retailers and large residential communities with over 57,662 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.

5044 Ambassador Caffery Rd - CVS OM

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,037 SF

Building Class

Year Built

2008

Price

$4,940,077

Price Per SF

$379

Cap Rate

NOI

$444,607

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.69 AC

Parking

40 Spaces (4.68 Spaces per 1,000 SF Leased)

Amenities

Signage

MAJOR TENANTS

Retailer
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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.