5044 Ambassador Caffery Pky - Drug Store FOR SALE


Lafayette, LA 70508- Central Lafayette Parish
$4,940,077 USD
818-907-4696
5044 Ambassador Caffery Pky, Lafayette, LA for Sale
$4,940,077 USD
Drug Store - FOR SALE
1/5
null | 9% Cap Rate

5044 Ambassador Caffery Pky
Lafayette, LA 70508
Central Lafayette Parish


HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Corporate Guarantee from a Credit Rated Tenant | NYSE Standard & Poor’s BBB+
  • Heavy Traffic Counts | 28,000+ Vehicles Per Day on Ambassador Caffery Rd
  • Long Term Lease | 11+ Years Remaining on the Lease
  • Large 1.69 ACRE Lot with a Drive-Thru Pharmacy
  • Seller to provide Buyer a full credit of three years rent at closing to compensate for the Rent Holiday

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,940,077 USD

PRICE/SF

$379 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-1

APN/PARCEL ID

6013310

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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