1540 N Market St - Freestanding FOR SALE


Shreveport, LA 71107- Freestate-North Highlands
$1,920,000 USD
312-269-0220
1540 N Market St, Shreveport, LA for Sale
$1,920,000 USD
Freestanding - FOR SALE
1/7
null | 9.75% Cap Rate

1540 N Market St
Shreveport, LA 71107
Freestate-North Highlands


OVERVIEW

Stabilized Investment Opportunity Leased to CVS Caremark, featuring zero landlord responsibilities with over 5.5 years remaining on the initial term and (10) 5-year renewal options in place Low Basis Asset Provides an investor with the opportunity to acquire the asset on a low basis with below-market rents. Ideal Demographics The asset is located within a dense area with over 87,350 residents and an average household income of $56,900 within a 5-mile radius of the site Corporate Guaranty Corporately guaranteed lease from CVS Caremark, with over 9,000 locations nationwide, Investment-grade tenant (S&P: BBB | Moody’s: Baa3) Easily Accessible Site 2 points of Ingress/Egress from Market Street and Hearne Avenue, providing excellent visibility along Market Street with 23,716 VPD Neighboring National Tenants Surrounded by tenants such as; McDonald’s, Wendy’s, Popeye’s, Taco Bell, Family Dollar, O’Reilly Auto Parts, Rent-A-Center, and more

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

CROSS STREETS

Hearne Ave

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

181423-079-0001-00

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.